NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The negative impact of the Covid-19 pandemic on New Jersey’s economy resulted in a record number of monthly job losses and widespread unemployment in April. The mandatory shut down of business activities and stay at home orders to prevent the spread of the virus contributed to total nonfarm employment plummeting by 757,700 jobs in April, […]
The U.S. economy will recover but will not return to its pre-coronavirus level before the end of next year, the Congressional Budget Office (CBO) predicted in its latest forecast. Interim Economic Projections for 2020 and 2021, released yesterday, predicts the economy will begin recovering in the third quarter of 2021 as social distancing policies ease, […]
One big question for the post-coronavirus future is how consumers will react once states and nonessential businesses start reopening. Gallup may have some insight with its latest poll on consumer spending. In short, consumers have pulled back spending at a level last seen during the Great Recession. “Fifty-one percent of U.S. adults say they have […]
Seventy percent of business owners say they are able to operate safely under CDC social distancing guidelines according to a new NJBIA Business Recovery Survey inquiring how a soft opening might affect their business model. However, a large majority of New Jersey business owners say they’ll need more than half of their usual client or […]
The Treasury Department and the Internal Revenue Service today released state-by-state figures for Economic Impact Payments, with 88 million individuals receiving payments worth nearly $158 billion in the program’s first three weeks. As of April 17, the IRS issued 88.1 million payments to taxpayers across the nation. More payments are continuing to be delivered each […]
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New Jersey Business & Industry Association
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