“It’s really been a long-term slide,” Hughes said. “We are one of the most expensive places to live, one of the most expensive places of doing business, and we have a highly unionized labor force, so we have to overcome all those costs to be successful.”
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Do you have one of the most common jobs in New Jersey?
As the baby boomer population ages out and becomes and becomes one of the health care and nursing sector’s biggest group of consumers, nursing and healthcare jobs will continue to increase according to James Hughes.
NJ unemployment rate 6th highest in the nation as health care, banking shed jobs
New Jersey’s unemployment rate has been nearly the same for almost a year — the sixth highest in the nation according to recent numbers — as nationwide the labor market shows signs of slowing down. New Jersey's latest unemployment rate is still a far cry from the...
Barclays cutting 70 North Jersey jobs as more layoffs hit financial sector
Barclays bank is laying off 70 employees in Whippany, the latest job cuts in New Jersey’s financial services sector. According to a company spokesperson, the 70 roles in Whippany in Morris County have been “made redundant.” “We regularly review our operations to...
NJ lost 34,000 jobs in the past year. Are there choppy waters ahead?
Those higher-paying sectors — white-collar jobs — became saturated after having a “hard time filling their open positions” coming out of the pandemic, Hughes said. “They’re filled now and they’re holding on to the people they have, but they’re not adding new people,” he said.
NJ unemployment rate up? But job growth is strong? Making sense of 2024 New Jersey economy
The strong job growth in December helped New Jersey end 2023 with a net gain of 69,600 jobs. By comparison, the state lost 303,600 jobs in 2020; added 265,600 jobs in 2021; and added 129,700 jobs in 2022; Rutgers University economist James W. Hughes said.
How to Lay Someone Off with Care, Compassion and Dignity
A few days after being let go, a Philadelphia-based content marketing professional posted on LinkedIn: “Here’s what getting laid off feels like: You just got hit by a bus. And now, before you’ve had a chance to assess your injuries or even collect your stuff...
Rutgers touts success of program for long-term unemployed in NJ
Emerging from the rubble of the Great Recession, the establishment of the New Start Career Network in 2015 provided support to more than 6,000 New Jerseyans experiencing long-term unemployment over its initial six-year period. That's according to Carl Van Horn,...
They get the job but never show up: Ghosting on the rise in NJ
As the New Jersey labor shortage continues, companies large and small are facing a growing problem: job applicants who are hired and accept a position with a start date, but then never show up at work and don’t even bother to communicate they have changed their mind...
NJ has regained nearly 90% of jobs lost to pandemic, and pay is rising too
February's jobs report was the strongest since last July and showed that New Jersey is making up ground. Through February, New Jersey recovered 89.9% of the jobs it lost in March and April of 2020, while the U.S. recovered 90.4%, according to Rutgers University...
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