Archive for New Jersey Unemployment

Atlantic City New Jersey Casinos Continue To Flounder

Gross operating profit reportedly dropped nearly 20% in Q2 of 2009  for the 11 Atlantic City, New Jersey casinos down approximately $49 million dollars from 247.3 million for the 2nd Quarter of 2008.
Despite some signs of an economic recovery, Atlantic City and New Jersey as a whole, are still experiencing increasing unemployment.  The drop in [...]

Unemployment Insurance Will Cost New Jersey Businesses

Employers in New Jersey are bracing for an increase in the unemployment tax rate.  Notices are scheduled to be delivered by July 1st informing each business of the new tax rate.
Increases will vary from business to business and are wide ranging (from $7.00 to $290.00 per worker) depending on the number of layoffs at the [...]

Atlantic City Casino Worker Protests Continue

Traffic was held up on Pacific Avenue for a time when approximately 200 protesters hit the streets of Atlantic City, New Jersey.
The protest was organized by the young UAW/AC Union and its members to protest the slow negotiations they are experiencing with Atlantic City casino management.
Many workers from Atlantic City’s largest casinos including Trump Casino, [...]

New Jersey In Danger of Losing 33 GM Dealers

When a company the size of General Motors starts experiencing financial difficulties, it trickles down.
New Jersey will experience some of GM’s pain when the company close up to 33 dealerships in the state.
A document provided by General Motors to the House Energy and Commerce commitee details the planned closings.  New Jersey appears to comprise 2.5% [...]

Job Hunters Worried in Camden, NJ

The Camden, New Jersey unemployment rate is estimated at 16%, almost double the rate of the state of New Jersey, which lies at 8.2%.
This is concerning to those seeking jobs in the Camden area “It’s depressing,” said one job hunter at the Camden County One-Stop Career Center. “A lot of companies could use my [...]

Two New Jersey Steel Mills Shut Down

The suspension of two steel mill operations in the New Jersey area will mean bad news for approximately 100 steel workers.
Gerdau Ameristeel Corporation, based out of Tampa, will shutter its plants in Sayreville and Perth Amboy due to a continuous decline in demand for steel.
According to company spokesman Santiago Fittipaldi, the Perth Amboy [...]

New Jersey’s New Misery Index

NEW MISERY INDEX COMBINES THE STATE’S GROWING DEBT, BUDGET, TAX AND UNEMPLOYMENT PROBLEMS
The New Jersey Taxpayers Association recently unveiled a new metric to measure the economic status of the state of New Jersey, The Misery Index.

The metric measures aggregates several measures, as they affect citizens of New Jersey into one metric.

The measures include:

Tax burden
Debt
Spending
Unemployment

According [...]