Last week, the Congressional Budget Office projected record-breaking growth in 2021, but it is premature to celebrate this rosy macroeconomic projection because the rest of their report contained the alarming prediction that the U.S. labor market will not...
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One thing we agree on – How the American public views the economic crisis
Survey results showed that the public shares widespread agreement regarding the state of the economy and what the response to joblessness should be.
From theater director to cheese expert: Displaced workers in some industries switch careers to stay afloat
With close to 1 million people still filing for first-time unemployment benefits every week, displaced workers in industries like travel, hospitality and entertainment are finding that they have to reorient their professional skills — and in some cases, their entire...
Twin crises: The economic impact of COVID-19 and Americans’ outlook for the future
Americans are experiencing dire financial and emotional trauma from the pandemic-driven recession and worry that these negative realities will linger for many years.
Pfeiffer featured on local assemblyman’s series on unemployment
The series looks at why the NJDOL failed to keep up with the demand of unemployment claims in the early days of the pandemic, and why it struggled to catch up.
In November, men dropped out of the workforce at higher rates than women
About 347,000 men left the workforce in November, compared to about 10,000 women. That’s in stark contrast to September, when 865,000 women left the labor force — four times the number of men that month. The drop-off is somewhat striking because aside from March and...
Latest jobs report shows long-term unemployment still on the rise, worrying economists
“The longer you’re out of work, the harder it is to get re-employed,” said Maria Heidkamp, director of the New Start Career Network at Rutgers University. “I think we're on the cusp of catastrophic long-term unemployment. The fact that so many of the layoffs we...
Government officials not acting fiduciarily responsible
Prior to the pandemic in mid-March, NAIOP NJ had planned to convene several experts to examine New Jersey’s fiscal challenges, controlling costs at the local level and pension and benefits reform. In the subsequent four months, our national GDP has plunged 33 percent...
COVID what’s next: Can NJ unemployment handle second-wave shutdown?
The Bergen Record reports on the impact on New Jersey with a second wave of unemployment quoting James W. Hughes. (subscriber access required) Bergen Record, August 11, 2020
Why flat permanent job loss in the month of July is concerning: Economist
Professor William M. Rodgers III of the Heldrich Center for Workforce Development joined a Yahoo Finance On the Move panel to discuss the unexpected addition of 1.76 million jobs in July. Yahoo Finance "On the Move," August 7, 2020