NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
Estimates by the U.S. Bureau of Labor Statistics show total nonfarm wage and salary employment in New Jersey increased by 60,200 in September to a seasonally adjusted level of 3.87 million. Gains were recorded in both the private (+42,600) and public (+17,600) sectors of the state’s economy. New Jersey has now regained a total of […]
The New Jersey Department of Labor & Workforce Development has dispensed $16.2 billion in unemployment benefits to jobless workers since the COVID-19 pandemic idled a significant portion of the state’s workforce nearly seven months ago. The DOL also announced Thursday it had begun accepting certifications for up to six weeks of FEMA Lost Wages Assistance (LWA) payments. LWA is a limited-time federal […]
The business community will be paying more thanks to the budget the state just adopted for Oct. 1, but that’s probably not the end of the tax increases. New Jersey’s pandemic shutdown orders have devastated the economy and sent unemployment soaring, which will trigger a large, automatic increase in employers’ unemployment insurance (UI) contribution rates […]
The New Jersey Department of Labor and Workforce Development (NJDOL) received 22,703* new unemployment claims last week, a 12.5 percent increase over the week prior. For the week ending Sept. 5, NJDOL paid out $298.8 million to eligible claimants. To date, a total of $14.9 billion in federal and state benefits has been distributed to New Jersey workers since mid-March. Since […]
The Senate Labor Committee today voted to exclude unemployment benefits paid during the pandemic from the calculation of employer contributions to the state unemployment insurance system. NJBIA testified in favor of the bill. The legislation, S-2504 (Ruiz, D-29), would protect businesses from having to pay higher rates for unemployment insurance because their businesses were shut […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
