Sorry about your job

From the Record:

NJ job market numbers are out: See where we’re headed

New Jersey’s private sector lost 9,500 jobs in the past two months and the unemployment rate ticked up from 3.7% to 3.9% according to a preliminary jobs report released Thursday morning by the New Jersey Department of Labor and Workforce Development. 

That comes despite 73,300 new jobs added over the past year, 59,500 of them in the private sector — signs pointing toward a cooling job market according to economists and other analysts.  

The figures come amid 11 rate hikes by the U.S central bank; a move designed to taper economic growth and curb inflation.

In September 2022, the state’s jobless rate was 2.8%, according to Federal Reserve data — though 3.9% is still a far cry from the 15.5% unemployment seen in May 2020 at the height of the COVID-19 pandemic.

The New Jersey job market seems to be slowing. Last year, it added nearly 130,000 jobs. For the first seven months of 2023, the state added 37,700 jobs. 

“The economy was moving at 85 miles per hour, it shifted down to 70 miles per hour,” said James Hughes, a Rutgers professor and former dean at the university’s Edward J. Bloustein School of Planning and Public Policy. “It’s still speeding, but you’re cooling off a little bit.” 

Preliminary figures from the state Labor Department show that there were 4.3 million people working either in the public or private sector, compared to 4.26 million people in July last year.

There was a total job increase of 1,000 jobs last month. The increase of 8,400 jobs in the public sector offset the loss of 7,400 jobs in the private sector.

In July, New Jersey tied with its neighbor of New York for a 3.9% unemployment rate, according to preliminary federal data, and fared better than Delaware with a 4.1% unemployment rate.

Neighboring Pennsylvania had a 3.5% unemployment rate. The national unemployment rate as of July was 3.5%. It will be updated Sept. 1.

State labor officials noted in the report Thursday that the rate increased in part due to “additional residents entering the labor force.” 

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

31 Responses to Sorry about your job

  1. Hold my beer says:


  2. Fast Eddie says:

    The increase of 8,400 jobs in the public sector offset the loss of 7,400 jobs in the private sector.

    If taxes are your problem, New Jersey is not your state.

  3. Fast Eddie says:

    500K… if you like the kitchen in your living room, this one’s for you. Take a look at the pool pictures and tell me what your eyes see. Inground pools are a ton of work, know it going in to the deal.–2006524255

  4. Fast Eddie says:

    This was 660K, raised it to 688K; 4 bd/1bth. Even if you’re into the log cabin deal, this one is dated. Did I mention it has one bathroom?–2006522940

  5. Fast Eddie says:

    Nothing says “lazy house tour guide” by keeping last winter’s pictures and not updating the listing:–2006569505

  6. 3b says:

    Fast: Well it’s certainly rustic! And it is kind of sort of close to Bergen Co If you can grab it for under 700k, it’s a steal!

  7. Fast Eddie says:


    True. You can tell your friends and family you’re minutes from Franklin Lakes. In fact, let me email the listing agency and tell them to include it in their description. That house will be under contract in a day!

  8. Fast Eddie says:

    Any time a house “boasts gleaming hardwood floors under the carpets” and there’s no pictures of the interior, immediately knock 15% off the asking price. “Personal foul, roughing the potential buyer, 15% off the original ask.”–2006504714

  9. grim says:

    That pool is a cluster*ck.

    That’s it? Powerwash 1 foot past the coping? Appears they have dumped in a superfund’s equivalent of chemicals to get it to that color.

    Wonder how much leaks out of that every day.

    Easily $15k to tear that pool out and dispose of the concrete, maybe more.

  10. The Great Pumpkin says:

    Lmao…fast eddie for the win!!!

  11. Phoenix says:

    Which doosh of the United States will be the President when the banks again ask for a taxpayer bailout?

    Americans are increasingly taking advantage of their greatest source of wealth as a lifeline in times of need by borrowing against their property
    A HELOC – which stands for ‘home equity line of credit’ – offers an amount of funds, similar to a credit card limit, which uses your home as collateral
    In 2022, 1.41 million HELOCS were approved – up 34 percent from the year before – and the highest number since 2008

  12. Phoenix says:

    US Postal Service is coming out with a new Priority Mail mini box just for sending keys.

    It’s soundproofed so you cannot hear the jingle from them, it was driving their workers crazy the last time.

  13. The Great Pumpkin says:

    No recession…lmao.

    “In 2022, 1.41 million HELOCS were approved – up 34 percent from the year before – and the highest number since 2008”

  14. Phoenix says:


    That pool, its plutonium blue. You buy it in a small shaker can. Kills algae, bacteria, and anything else that falls in the pool. Keeps it warm year round, you don’t have to winterize it either.

  15. BRT says:

    it looked like it was digitally altered to me

  16. 3b says:

    Fast: The realtor can just add minutes to Franklin Lakes, and that will do it!

  17. 3b says:

    According to a Univ Michigan study binge drinking and marijuana use is at a record high among middle age adults in the United States.

  18. Bystander says:


    I saw pool then read septic tank on property. I think they are one in same. Anyone trusting tank maintenance? That is why, 40k these days?

  19. Fast Eddie says:

    it looked like it was digitally altered to me

    Agree. That pool is a sewer. Go see the house and that pit is empty or has two feet of toxic sludge sitting in it. It’s a breeding tub of brain-eating amoeba. A buyer is going to see it immediately so why hide it? It can be saved but it’s going to cost a few bucks and I guarantee it needs a filter as well. Then the seller has the balls to put that price tag on the house. The layout sucks as it is.

  20. Phoenix says:

    3b says:
    August 20, 2023 at 10:07 am
    According to a Univ Michigan study binge drinking and marijuana use is at a record high among middle age adults in the United States.

    Are you surprised? Not me. I think it’s much higher as plenty won’t ever admit to their vices.

  21. 3b says:

    Phoenix: Not sure, I thought on a whole that alcohol consumption at least was in decline, with pot being legal now in many states, I guess that makes sense. Interesting why it’s middle age where the increase is, and I believe the study defined middle age as 35 to 50.

  22. Fast Eddie says:

    According to a Univ Michigan study binge drinking and marijuana use is at a record high among middle age adults in the United States.

    I found my platform when I run for president as an independent. Legalize prost1tution, we’ll all go out with a bang and I’ll make a promise to eliminate student debt and increase subsidies for single Moms and planned parenthood facilities with the massive taxes generated. This, along with a drunk and high populace will guarantee me two terms.

  23. FatEddie's KarlRove says:

    Fast Eddie,

    You are missing a few of points….

    You have your tongue in cheek selling point to the blue crowd. But you still need the red crowd, the money boys, and since Trump – you need to provide a hazard package.

    So, money boys are the most important as without dough you are going nowhere. Here take a page from DeSantis. Look up todays NY Times on how his SuperPac money boys creatre for him events with all the bells and whistles which they pay for and which then invites his campaign to just show up and grace them with their presence where a prepare speech is given. So the difference is, before they gave you money that you then spent on campaign. Now they do the campaign for you, but “wink -wink” they can not coordinate for you, but if you choose to use the speech you found on the floor is legal.

    Now, the Red folks crowd. That is easy, as these crowds by their nature has severe cognitive dissonance that works greatly to your advantage as long as you promote a point of view that “punches downward”. They have been taught since the English kick their assess in Scotland and Ireland that they really don’t suck as much as they suck – because the English did election/war fraud and they stole the win. So as long as you put a target on “something/someone scapegoat” and tell them problem are cause by the “scapegoat” you will own them. Make sure you have a long list of scapegoats, as this crowd loves whisky, meth, roxy, oxy and anything that can help them with their illusions and fantasies of grandeur.

    Most importantly you need to have a “Hazard Package” for your top people. This is because as we move just beyond a “rule of law” country. People are going to do “extra” legal things – never say illegal thing, illegal is reserve for the scapegoats – as illegal aliens. So you need to ensure pardons, new identities in new countries, monies for them and their family to keep quiet and do their time, or great sets of pros that would make them disappear on the way to McD’s. Again, you need money and this goes back to what are you selling to those money boys.

    I’m ready when you are. My fee is negotiable.

  24. Fast Eddie says:

    Pseudo Karl Rove,

    Great tips. I’m sure you’ve been paid handsomely by the DNC netting them a few wins but I don’t think the progressive strategy you’ve implied will work for me. The left are masters at creating victims and tragedies from thin air so it may be a tall order to influence the masses. We’re covering new ground here. And how do you turn misdemeanors into felonies? My God, that’s superb! Regardless, thanks for the suggestions and btw, it’s Fat Fuck Fast Eddie. At least get the name of your potential client straight.

  25. The Great Pumpkin says:

    Check out this video…going to hit multi-family developers. FUBAR!!

  26. FatEddie's KarlRove says:

    Fat Fck Eddie,

    If you hire me, I can even make those special morning scramble eggs that Karl Rove is famous for, he keeps his ingredients secrets, but I think I found it and I know all those 400lbs of you will love it and give you that gay feeling you miss so much since catholic school.

    The ingredients are

  27. Juice Box says:

    EX – 5.5 earthquake centered around Oxnard, you had too feel that one.

  28. ExEx says:

    Wife and I were sitting on couches with the dogs.
    Heard a boom thought it might be the wind. House is on a slab and that
    Mother shimmied back & forth. We took that ride for about 20 seconds
    Total adrenaline rush. 2nd one I’ve been home with her for.
    This one was really close & feel like a carnival ride.
    Not a creak or crunch to be heard. Nothing fell over.
    Very intense. No feeling quite like it. Everything is moving.

  29. Fast Eddie says:


    I think I’ll have to decline your services. Your grammar is a bit suspect and honestly, your messaging has sort of a “Rain Man” quality to it. I’ll pass.

  30. The Great Pumpkin says:

    Any bets on when the credit event takes place?

Comments are closed.