The number of initial unemployment applications declined for the third straight week in New Jersey, with 2,000 fewer new claims recorded last week, according to the state Department of Labor and Workforce Development. DOL has disbursed a record $22 billion to claimants since the COVID-19 pandemic took hold almost a year ago in March. For the week ending Jan. […]
NJ Unemployment
NJBIA Urges Use of CARES Act Money for UI Trust Fund
This week, NJBIA sent a letter to Gov. Phil Murphy requesting the use of New Jersey’s unspent federal CARES Act funding to replenish the state’s Unemployment Insurance Trust Fund – as other states have done. “Given the low balance in the UI Fund, some sort of tax increase is inevitable,” NJBIA President and CEO Michele Siekerka wrote to the governor. “But the magnitude of a $1 billion tax on jobs […]
NJ Employer Hiring Ticks Up in August, Jobless Rate Falls to 10.9%
Total nonfarm wage and salary employment in New Jersey increased by 66,000 in August to a seasonally adjusted level of 3,820,000, according to estimates released by the U.S. Bureau of Labor Statistics on Thursday. New Jersey has now regained a total of 409,400 jobs in the four months since April, or about 49% of the […]