Category Archives: Employment

The kids are alright (kinda)

From Insider: 1980s millennials are finally recovering from the Great Recession Nearly 15 years after the Great Recession hit, the eldest millennials are finally doing alright. Graduating into a blighted job market put them on a rocky road to building both their career … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 153 Comments

Great Resignation to accelerate?

From NJ1015: Why do more workers plan to jump ship from their jobs in 2022? Job optimism is high as 41% of workers plan to look for a new job in the first six months of 2022, according to Robert … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 94 Comments

The new New Jersey

From NJ Monthly: How Covid-19 Changed the Way We Work in New Jersey When Governor Phil Murphy signed an unprecedented executive order in March 2020 directing New Jersey’s 9 million residents to stay home, the state’s schools and nonessential businesses to shut … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 156 Comments

Strong GDP growth for NJ

From the Star Ledger: Good news: There’s been a wholesale transformation of New Jersey’s economy You might have missed it amid the holiday rush, but 2021 ended with some incredibly positive economic news: for the third quarter, the Garden State ranked … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 108 Comments

Whatcha waiting for PA?

From CBS Pittsburgh: Pennsylvania Stands Still As Neighbors Hike Minimum Wage, But Some Lawmakers See Action In 2022 What do Ohio, West Virginia, Maryland, New York, New Jersey and Delaware all share in common besides a border with Pennsylvania? They … Continue reading

Posted in Economics, Employment, Philly | 121 Comments

When do we get our recovery?

From the NY Federal Reserve: The Region Is Struggling to Recover from the Pandemic Recession The pandemic struck the New York-Northern New Jersey region early and hard, and the economy is still struggling to recover nearly two years later. Indeed, employment … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 73 Comments

NJ gets back to work

From NJ101.5: As jobless benefits end, NJ sees surge in hiring As enhanced unemployment benefits expired and tens of thousands of New Jerseyans faced the end of jobless benefits altogether, there are signs the hiring crisis is easing. The Garden … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 247 Comments

Would someone please think of the $550k a year families. They are not rich.

From the Star Ledger: 96% of N.J. residents would get their full property tax break restored under this Senate plan Efforts to restore the full federal deduction for state and local taxes have run into opposition from some Senate Democrats who want … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 224 Comments

Are they really?

From NJB: Despite Labor Issues, Companies are Still Eyeing NJ, Panelists Say According to the U.S. Bureau of Labor Statistics, October marked the tenth consecutive month of nonfarm job gains in New Jersey. The state’s private sector employers added more … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 252 Comments

You load 16 tons, what do you get?

From the Star Ledger: Hudson River rail tunnel gets green light from the feds to start building it A major and final bureaucratic hurdle has been cleared by the Gateway Tunnel project after the U.S. Army Corps Of Engineers issued a permit … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 259 Comments

Hiring Stalemate in NJ

From NJBIZ: NJBIA survey: 3 in 4 NJ employers faced hiring shortages this year Despite waning fears about the COVID-19 pandemic, three out of every four employers said they’ve struggled to find workers this past year, and many said they’re … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 127 Comments

NJ unemployment a miserable 7.0%

From ROI-NJ: N.J. employment continues on comeback trail, DOL says New Jersey grew its employment for the 10th consecutive month in October, according to the Department of Labor & Workforce Development, with the unemployment rate ticking lower as well. Preliminary estimates by … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 94 Comments

“I really look forward to Republicans attacking me on restoring the SALT deduction for homeowners in my district”

From the Star Ledger: Biden bill to bring back property tax deduction for most N.J. homeowners Following President Joe Biden’s signature Monday on a $1 trillion bipartisan infrastructure bill, the House later this week is expected to turn its attention to … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 264 Comments

Real estate is never normal

From the NYT: Will Real Estate Ever Be Normal Again? The third time Drew Mena’s manager asked him about relocating to Austin, Texas, he and his wife, Amena Sengal, began to seriously consider it. They had deliberated each time before, … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 189 Comments

Quits skyrocket

From CNN: A record number of Americans quit their jobs in September A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick. Workers are quitting in search for … Continue reading

Posted in Economics, Employment, National Real Estate | 78 Comments