NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
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 […]
The New Jersey Department of Labor and Workforce Development (NJDOL) has issued unemployment guidance to help New Jersey workers and business owners understand unemployment law as the state’s economy reopens amid the COVID-19 pandemic. The document provides answers to workers’ many questions about unemployment — as it relates to workplace health and safety protections, and […]
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, […]
Nearly 70,000 new unemployment claims were filed in New Jersey last week, as the Labor Department processed another 262,000 weeks worth of federal Pandemic Unemployment Assistance (PUA), and saw total pandemic-related payments rise to $2.7 billion. The number of initial claims filed since mid-March approached 1.1 million, with more than 725,000 actively collecting state and […]
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