From Insider NJ:
New Jersey Labor Market Remains Robust; Unemployment Rate Steady at 3.5%
New Jersey’s labor market remained strong in April, with nonfarm employment increasing by 15,800 jobs to a seasonally adjusted level of 4,332,300, and the unemployment rate holding steady at 3.5 percent, according to preliminary estimates from the U.S. Bureau of Labor Statistics.
The gain occurred entirely in the private sector, which recorded a month-over-month increase of 15,900 jobs while the public sector shed 100 jobs for the month. The labor force participation rate continued to rise, reaching 65.0 percent in April, the highest rate since June 2013.
The March preliminary employment estimates were revised upward by 5,400, for a gain of 2,800 jobs from February to March. Preliminary estimates indicated a loss of 2,600. The March unemployment rate remained at 3.5 percent.
In April, seven out of nine major private industry sectors experienced job growth. Sectors that recorded employment increases were professional business services (+7,600), trade, transportation, and utilities (+3,600), education and health services (+2,700), leisure and hospitality (+1,200), financial activities (+600), construction (+300), and other services (+200). Sectors that recorded a loss were information (-300) and manufacturing (-100).
Over the past year, New Jersey has added 99,100 nonfarm jobs. These gains were distributed across industries, with eight out of nine major private industry sectors recording job gains. The industries recording year-over-year gains were education and health services (+45,400), leisure and hospitality (+25,600), trade, transportation, and utilities (+8,100), professional and business services (+5,500), other services (+4,000), construction (+3,800), manufacturing (+3,700), and information (+1,400). The only private sector industry to record a loss from April 2022 to April 2023 was financial activities (-200). Year-over-year, the state’s public sector added 1,700 jobs.
First
Best car for me is the one I don’t have to think about. Too busy to add additional nuisance.
Luckily i don’t live in Cuba to drive 20 or 30 yr old cars
Very Stable, tid bit about cuban commie car history.
The reason for all the old cars goes to Che Guevara. He was treasurer of Cuba for a few years and he put 3 major laws into effect. Cuban peso lost parity and convertibility with the USD along with forfeit of balance of over 1000 pesos on all bank account and all gold. Second rule was you kept where you live. If you rented a large house, now you own it. And finally private cars would not be allowed after 1967. – so as long as the title said it was pre 1967 you could buy/sale/own it. Post ‘67 cars Russian, Fiats, Peugeots were given to you by the government under a lease for free to you if you were politically important enough, if you lost your stature back to bus and bikes. So if you wanted the freedom of a car, you made sure that the pre-1967 car kept running not matter what it took.
BTW. Bloomberg has an article on how Latin Americans wealthy are by passing Miami as traditional get away/hide away/bank away spot and going to Madrid, Spain. The combination of Trump/DeSantis/Florida man has spooked them. Spain has the golden passport still – where if you invest or buy at least €500,000 debt free you get fast track residency and eventual citizenship. Spanish citizenship means EU passport.
I am a huge fan of Bloomberg Surveillance, but the rest of the organization can be biased liberal tripe. How about the more obvious issue that south Florida is suddenly stunningly expensive and people are looking for a better deal. Rather than admit to a reporter that you are being priced out, use the free excuse about politics. Why Madrid anyway? There are several other better choices in Spain.
SundayLearn YourDictatorDay says:
June 4, 2023 at 9:16 am
BTW. Bloomberg has an article on how Latin Americans wealthy are by passing Miami as traditional get away/hide away/bank away spot and going to Madrid, Spain. The combination of Trump/DeSantis/Florida man has spooked them. Spain has the golden passport still – where if you invest or buy at least €500,000 debt free you get fast track residency and eventual citizenship. Spanish citizenship means EU passport.
“Some US states are worse than others
Since the ’50s, life expectancy grew at a different pace throughout the country, according to the report.
Northeastern and Western states experienced the fastest growth, Woolf said, while south-central and Midwestern states saw the slowest growth.
“This cluster of states really played an outsized role in producing these poor rankings for the United States,” he said. “States doing very well like Hawaii, New York and other high performers are ranked among some the same life expectancy as some of the healthiest countries in the world.””
You saying that Desantis extremism ideologue is modern-day Che Guevara of the far-right?
LOL, Canada….
https://twitter.com/JimChuong/status/1665212720600285184
Chicago,
According to the article, there are 3 things why Madrid. The golden passport is still available in Spain as other EU have closed down the option. The culture and language. And yes the unwelcome mat feeling that Florida has put out is mention in passing.
Very Stable,
You do have to give credit to Latin Americans that they know and can smell a wannabe dictator miles away. So yeah, if it smells, looks, and acts the part it probably will be if given the opportunity – be it Trump or DeSantis.
“Ginkgo Bioworks (NYSE:DNA) stock has been downgraded to sell by Goldman Sachs…The investment bank lowered its price target for Ginkgo Bioworks to $1.25.”
That primal scream you heard on Friday? The Goldman analyst screaming at his research director “I’m not covering this POS anymore!!”
And that’s with full knowledge that this guy REALLY pissed someone at GS off very badly…look at his coverage universe….any of my WS friends want to comment on what it says about this analyst’s stature in the firm? LOL.
https://www.benzinga.com/analyst-stock-ratings/analyst/607d6dea17ff28000106033a/matthew-sykes
Thanks on the SUV recs all….joyce, that Explorer has some nice lines….had one of those as well, eons ago. Liked it.
Re: Cuba…when I was there earlier last decade I have this video on the Paseo de Marti, Capitol building to my back. Two lanes of traffic each direction plus a left turn only lane…about a minute or so, caught the left turning traffic in front of me and then all four lanes, moving away and approaching. Regular rush hour. Was like an antique car show…they were mostly taxis.
Stayed at the Hotel Saratoga, the one that went boom! last year. Shame, it was beautiful, old and original details.
A small Che black profile is spray painted on nearly every building in Havana. Like some biblical lamb blood.
Happy killdozer day everyone
https://youtu.be/mR_OADkKWwQ
My dad went to med school in Mexico with a guy from Argentina who now lives in Texas. His father was best friends with Che Guevara in medical school. He went to the funeral/service for him once he was killed. He even has his hat sitting on the wall.
Riding that Train …..
Fed Chair Jay Powell at the dead and co show in Virginia last night.
https://twitter.com/JakeSherman/status/1665338322519031808
I didn’t realize until recently the lengths some will go to in order to get an EU passport, something which those with a EU passport take for granted. EU passport is becoming what a US passport was in the 80’s to many in the EU.