NJ Unemployment down to 4.6%

From the APP:

NJ has regained nearly 90% of jobs lost to pandemic, and pay is rising too

New Jersey employers added 25,900 jobs in February, the state Department of Labor and Workforce Development reported Thursday, continuing the job market’s rapid recovery from the early days of the pandemic.

The job growth helped the unemployment rate drop to 4.6% from 5.1% in January. Part of that decline was due to fewer people actively looking for work.

But employers that once offered minimum wage now are offering upwards of $17 an hour, a sign that job hunters continue to have the upper hand.

February’s jobs report was the strongest since last July and showed that New Jersey is making up ground.

Through February, New Jersey recovered 89.9% of the jobs it lost in March and April of 2020, while the U.S. recovered 90.4%, according to Rutgers University economist James W. Hughes.

Job growth in February was spread across most sectors. Trade, transportation and utilities added 9,000 jobs; leisure and hospitality added 5,200 jobs; and education and health services added 4,300 jobs.

Financial activities was flat, and the public sector lost 300 jobs.

The recovery has left some sectors faring better than others. Trade, transportation and utilities, a sector that includes New Jersey’s hot warehouse industry, has more than made up for the jobs it lost in March and April 2020, according to the February report.

Leisure and hospitality remains 4.5% below its pre-pandemic peak. It’s not for a lack of trying. In Brick alone, Five Guys is offering up to $17.50 an hour for crew members, while Houlihan’s is advertising a signing bonus of $250 for servers, hosts and hostesses and bussers.

This entry was posted in Demographics, Economics, Employment, New Jersey Real Estate. Bookmark the permalink.

40 Responses to NJ Unemployment down to 4.6%

  1. 3b says:

    Fab: Fair enough on your point about me constantly engaging Pumps, even after making grand pronouncements that I will not. It’s a valid point for purposes of your analogy.

    As for your comment about fish and Gerry Gs I have no idea what are you are talking about.

    As for Biden’s comments in Poland totally valid criticism , your comment about open season is odd, as if somehow it is your duty to protect Biden and the Democrats from any and all criticism. I will continue to criticize Biden and Harris and the Republican as well if I believe it is warranted. The criticism of Biden s comments in Poland is valid. As President you don’t get to make dangerous stupid comments.

  2. The Great Pumpkin says:

    3b,

    Grow some balls. Tell these other guys to eat a dick. If you enjoy our debates, go for it. Don’t listen to these other posters who think they are elitists and can only respond to certain posters. You really want to be that type of person? Yea, joyce, talking to you. You and lefty should get a room together.

  3. The Great Pumpkin says:

    3b,

    You and the gang here just don’t get it. Housing is not like stocks. People live in houses. Rates go up, all it does is stop transactions. People decide to stay in their house or rent it, rather than take a loss if there is no buyer. What matters more than rates for housing is the unemployment rate. Only then can you force people out of their position at lower prices.

  4. Fast Eddie says:

    But employers that once offered minimum wage now are offering upwards of $17 an hour, a sign that job hunters continue to have the upper hand.

    $17 per hour is the new $8.50 per hour.

  5. Fast Eddie says:

    Bystander,

    Cool band… obviously some Dead and Phish influence. Always up for a good jam! I’ve been picking up the acoustic every day for 10 minutes at a time. I busted a tendon in my right arm, inside the elbow 15 years ago and for the last few years, I couldn’t play for more than 30 seconds. It finally fatigued to that point – should have got an operation, too late for that. I’ve been slowly conditioning/training my arm to play longer periods. The acoustic is harder to play than an electric, so I’m trying to build up better resistance.

  6. The Great Pumpkin says:

    Now you know why housing and rent are going up. Any questions?

    Those low wage call center employees are living it up getting paid much more and getting to WFH. Not only talking about america, but india too.

    Fast Eddie says:
    March 26, 2022 at 8:25 am
    But employers that once offered minimum wage now are offering upwards of $17 an hour, a sign that job hunters continue to have the upper hand.

    $17 per hour is the new $8.50 per hour.

  7. The Great Pumpkin says:

    Only a matter of time before automation takes a bat to the knee of the labor market as businesses search for a way around this tight labor market. Aka only a matter of time before the boss’s whip is working again.

  8. The Great Pumpkin says:

    Our tax policy favors states that invest less locally, are more affordable to live, charge more taxes to their poor than their rich and uses the SALT cap to help make that worse. That’s because the states taking advantage outnumber the states that pay the most taxes. #UncapSALT

    That’s what Bernie Sanders means by “it’s bad politics”. The states that provide the most union jobs are also targets by union members elsewhere. They too, call it a tax cut for the rich. Best healthcare for low-income? States impacted by the SALT cap. Bernie abandons them. /2

    Why does Bernie abandon them? The inherent flaw to populism is that it relies on emotions over facts. The think tanks leverage this against people to convince them to support tax policy that only helps the wealthy. Bernie doesn’t care about people, he cares about politics. /3

    Jared Golden (Maine), same thing. Claims support for progressive taxes while supporting the SALT cap. The policy that targets the most progressively taxed states and most expensive to live. He doesn’t care about people. He cares about politics /4

    Anybody on the far left and far right? Same thing! I’m not acting like the center is guiltless here. I’m just trying to explain the nature of populism and how harmful it is to the policies that populists claim to support. It’s time to hold politicians accountable to their lies /5

    Show me the politicians that demonstrate principles over politics. The ones that don’t claim to care about the environment while siphoning taxes from the most green states to fund tax breaks to oil company owning #KochNetwork /6

    https://twitter.com/saltcap1/status/1507693484685279235?s=21&t=d3n-gTbB_kU3ZB1yXnu7vQ

  9. BRT says:

    Eddie, I hit my funny bone nerve on a pointy chair really bad a few years back and for 3 months, I had almost no grip in my left hand. Literally, a cup of coffee would slip through my fingers. I hadn’t played electric for like 5 years so they need to be serviced. I did the same. Played acoustic for like 20 minutes a day. Grip slowly came back over the course of 3 months. Acoustic requires much more strength. Although, I did put 12 gauge strings on one my my electrics back in the day and the tension was equivalent. What an amazing sound off that one.

    But I’ve continued to just play for a good 20 minutes every day and I’ve gotten so much better that my acoustic playing has almost the same energy as my electric. I need to get my electric serviced because if I pick up a guitar with 10 gauge strings, I might be flying through the fretboard Eddie Van Halen Style.

  10. leftwing says:

    “…here I don’t have to censor my views or pull my punches. I can let my freak fly. So no more substantive responses from you to me? I’ll be quite happy if you even drop the substantive.”

    Fabs, good post last night in total. Actually, not that you have any reason to care but from my perspective one of your best, at least recently.

    We generally come here for different reasons, which of course is fine…although I could do with not having the mental visual of you ‘letting your freak fly’ every time I see your moniker now lol.

    It’s the most random of circumstances that we co-exist specifically here and now given 4.5 billion years and 200 million square miles. We’re all different.

    So, as in your offer to 3b, I do promise no substantive engagement. That’s up to me to comply. Otherwise, as you say, it’s open season and the rest is up to you.

    All in good cheer, of course. And I do hope you and yours are well, sincerely. Have a nice weekend.

    https://www.youtube.com/watch?v=4qpWcq5QzkQ&ab_channel=beatpenguin

  11. The Great Pumpkin says:

    Govt goes bananas with $4-5 trillion in stimulus fighting Covid, blowing up a monster deficit…which by identity leads to a surplus in household income and corp profits…and then they get pissed and want to tax away those profits…that they caused. That’s nuts.

    https://www.bloomberg.com/news/articles/2022-03-25/sanders-floats-95-corporate-levy-going-after-jpmorgan-chevron

  12. The Great Pumpkin says:

    I’m in AC and had the local philly news channel on. Jesus, so many f’ed up stories over and over. I would destroy these kids. F’ing animals! And the dogs will get the death sentence while these f’s walk.

    Now remember this when you blame the teachers and schools in urban areas for the students not being able to read or do basic math.

    https://www.nbcphiladelphia.com/news/local/teen-and-child-accused-of-letting-dogs-loose-on-cat-surrender-to-spca/3188713/?amp

  13. The Great Pumpkin says:

    Like what kind of parents let an 11 year old and 14 year old take pit bulls for walks through city streets. Losers.

  14. leftwing says:

    By, I was just commenting to a friend that I had forgotten how much I like live performances and that they fell off the map for me…covid restrictions disrupting normal behavior I guess….

    Goose is on my list to see for the first time. As is Widespread Panic.

    Funny, most of the recommendations for bands, newer and older, come from my older son…to the conversation here the other day on the more dated ones he’s just not into today’s music for youth…I missed these bands in their prime as I was too busy raising him so it’s come full circle lol. Nice commonality we share at this point in his life.

    He says I need to see JRAD, I tell him I don’t need to see another Dead cover band, he says they’re more…maybe, just got a push notification they’re at SPAC which is a real venue…don’t know if you know them.

    I will publicly admit I’ve never seen Phish…I guess their prime years intersected with that ‘more important things to do’ part of my life…don’t know if it’s worth picking up a show now or even just TA alone…for some weird reason I have a negative connotation of them/him that I can’t explain….

    Also, I’m a huge fan of plays – not musicals – both on and off Broadway….classics (Mockingbird, Streetcar) and new, experimental stuff….have my first since covid coming up soon that I’m looking forward to….

  15. Hold my beer says:

    Left

    My teen is really into Waterparks and I don’t know how but they found me.

    I saw I don’t know how last month. It was a great show. Like a modern version of talking heads. Their music videos look like something from the 80s too. The bass player/singer was previously the bass and song writer for panic at the disco.

  16. The Great Pumpkin says:

    Someone posted this tweet below. Lmao…if it crashes, you will still find it unaffordable because you will have no income. Wake up. Go increase your skills so you can get paid more…that’s the real answer.

    “Looking forward to a big crash so real middle class and young Canadians can afford housing”

  17. leftwing says:

    Chi, don’t know if you had the opportunity but there was some very good hockey all day yesterday, worth watching…depending on how this weekend shakes out I haven’t been to Boston recently and have an acquaintance or two up there who it would be nice to see….might look into that.

    “$17 per hour is the new $8.50 per hour.”

    $20m is the new $5m NW…only way you could get more Bentleys in Naples is if they start using them as taxi cabs….fucking ridiculous what the government and its agencies were allowed to do over the last decade or so…hope they used the right gauge materials and good engineers and architects in this fully leased, weird looking, modernist building they’ve constructed….

  18. Juice Box says:

    Naples? What is the best way to short Florida Real Estate? Will all the boomers drown?

    It’s now 5 million for a 1/4 acre waterfront LAND ONLY on Marco Island.

    It’s all going to be underwater in a decade say the scientists. There was just a massive collapse of another ice shelf last week in Antarctica. Totally unexpected as it was not West Antarctica where the Doomsday Glacier is but East Antarctica where it was thought be be more stable. This is ice that has been in place for thousands of years, it took thousands of years of snowfall to create it.

    “An ice shelf in Antarctica nearly the size of Los Angeles disintegrated in mid-March within days of extraordinary warmth on the continent, scientists say.

    The Conger Ice Shelf, spanning approximately 460 square miles, collapsed around March 15. It was around the time temperatures soared to minus-12 degrees Celsius, more than 40 degrees warmer than normal, at the Concordia research station.

    “I don’t think there has been a shelf collapse like this in East Antarctica since we’ve been able to receive satellite data,” Rob Larter, a marine geophysicist at the British Antarctic Survey, told CNN. “Conger is a very small ice shelf which has been decreasing in size for many years and this was just the final step which caused it to collapse.”

  19. Bystander says:

    left,

    Lots of good music around. Goose has a big following in younger crowd. So does Pigeons Playing Ping Pong. I drift away from EDM stuff which is what Disco Biscuits trended into so not a fan. I was lucky enough to be in mid 20s when Phish, Widespread, String Cheese Incident were in prime, 1999 – 2000. Widespread has struggled since Michael Houser passed. Guy was very underrated guitar player. I like Jimmy Herring but he is more noodley, trying to hit many notes fast. Michael was smooth and just drove the song along. Some of the best driving music, perhaps one of best live albums ever. Listen to Panic in Streets, 4/18/98. It is top notch, particularly Houser.

    https://www.youtube.com/watch?v=xFCLrhUzplo

  20. Bystander says:

    Best of luck Ed. Only thing I ever picked up was mandolin but not very good.

  21. Ex says:

    Email
    Los Angeles and San Francisco saw sizable declines in population during the first year of the COVID-19 pandemic, new census data show, underscoring how California’s housing crisis and other demographic forces are reshaping two of its largest cities.

    In terms of total numbers, Los Angeles County lost about 160,000 residents — more than any other county in the nation, the data show. But L.A. County has about 10 million people, so the per capita loss was slightly more than 1% compared with 6.7% in San Francisco and 6.9% in New York.

  22. Fast Eddie says:

    BRT,

    I picked up the electric and it felt like nothing in my hand. I actually didn’t like it as I’ve become so used to playing tasty pentatonics on the acoustic. The resistance just felt better. The acoustic has standard gauge strings on it and it just feels good. Of course, string bending is a challenge but that’s okay. I’ll switch off and go to the electric sometime this week just to balance. Unfortunately though, I can’t see me doing sets, gigs or extended jams with a weaker right arm. Maybe I’ll get to that point, don’t know.

  23. Old realtor says:

    Going to see Southern Avenue at city Winery on Friday. Blues band with strong female vocals. One of my favorite current blues bands.

  24. Bystander says:

    Old,

    Never heard of them. Just checked out their version of Aretha’s Rock Steady. Nice. The female lead singer definitely has high sex appeal and stage presence. Not a traditional blues voice. Will have to listen to album.

  25. Juice Box says:

    I see Biden is doing his best to get us all nuked.

  26. leftwing says:

    Old, nice find. TY

  27. Fast Eddie says:

    I was in the car a little while ago and these beads of water started hitting the windshield. I think they call it rain but I’m not really sure because I’m not a meteorologist.

  28. 3b says:

    Juice: Yes, Biden at it again with his dangerous comments. He is mentally declining, or is absolute clueless. As I said yesterday , Presidents don’t get to make dangerous comments like that. And again the White House has to step in to clarify.

  29. grim says:

    Sprinkling some extra iodized salt on my popcorn.

  30. Juice Box says:

    3B – They built the real Red October and launched it four years ago, and a third one was finished in December. Nickname is “Prince Vladimir”. Our Navy has asked for money to develop a new undersea microphone network that can actually hear it.

    You can bet the Tom Clancy hunt story is playing out right now in the North Atlantic, these new subs are supposed to be super quiet.

    Let’s hope cooler heads prevail, right now the Russians are not even answering when our top generals and Defense Secretary call to keep the lines of communication open.

  31. Hold my beer says:

    Obama said never underestimate bidens ability to f things up.

    Was Biden channeling Reagan’s “I’ve just signed legislation outlawing Russia” line, is he senile, or was it another gaffe?

  32. Ex says:

    Chris Robinson Brotherhood.

  33. Ex says:

    Tulsa Yesterday
    https://youtu.be/VNlSUHSJ5B8

    Guitarist here is deceased.

  34. Ex says:

    Neal Graeme Casal was an American guitarist, singer, songwriter and photographer. First rising to prominence as lead guitar with Rickey Medlocke’s Blackfoot from 1988 to 1993, he is also known as a member of Ryan Adams’ backing band the Cardinals from 2005 until 2009, with whom he recorded three studio albums. Wikipedia
    Born: November 2, 1968, Denville, NJ
    Died: August 26, 2019
    Music groups: Chris Robinson Brotherhood (Since 2011), More

  35. Ex says:

    9:38 Biden said the quiet part out loud.

  36. Ex says:

    But I’ll tell you this, I’ve [held and played] two of the three. I’ve played “Wolf” several times. And I made a record with Willie Nelson. When I played in Ryan Adams and the Cardinals, we made a record with Willie. It’s called Songbird. Ryan produced it and the Cardinals were his band. So I played “Trigger.” [Willie] let me play it a few times that weekend.

    Link: https://www.yahoo.com/entertainment/guitarist-neal-casal-lost-interview-201545016.html

    I recently discovered that you once played in Blackfoot?
    I was 20 years old. I’m from New Jersey and in the 1970s, believe it or not, Blackfoot lived in New Jersey — for years. You would think that they lived in the South or something. But they didn’t. The club scene at that time in New Jersey was really thriving and they were doing very well in it. So they were local legends. I learned to play guitar to their records. And then a friend of mine knew [Blackfoot guitarist] Rickey Medlocke at that time. Blackfoot were in some kind of down period and Rick was doing some recordings and then trying to reconstitute the band. And my friend found out that he was looking for a guitar player and suggested me. And I thought, “Oh, he’s going to think I’m too young.” But Rickey was like, “No, I don’t care how young he is, send him out here.” So I went out and tried out for him and I kind of knew all the songs and he gave me the gig. And that’s how I left home. I mean, I just quit my job, packed up my car, I moved out to Detroit where Rickey lived, and I lived in a barn for like a year. Completely destitute.

    Living the rock & roll dream…
    Well, yeah. It was a pretty funky time, man. It was the late Eighties and Blackfoot were on the other side of their success. And we played some pretty rough clubs in the South and the Midwest. Pretty rough characters at these gigs, rough times for me. But it got me on the road and we traveled in a van and I got to see the South, which is what I really wanted to do. Some people want to go to New York and they want to go to Los Angeles, but I wanted to go to the South first because that was where all the music that I was into originated.

    You turned 50 this year. What’s your mindset these days on life and the grand scheme of things?
    [Laughs]. I don’t know what to say. I know less now than I’ve ever known in my life.

  37. RentL0rd says:

    Biden’s talk is just “locker room talk”. Find something else Republicons.

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