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U.S. Economy Creates 250,000 Jobs in October, Beating Expectations Again

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Council of Economic Advisers

New data released by the Bureau of Labor Statistics (BLS) shows that nonfarm payroll employment rose by 250,000 jobs in October, far exceeding expectations by 50,000 jobs. The United States economy continues its longest, consecutive streak of positive monthly job numbers, with employment growth averaging 213,000 jobs per month in 2018—larger than the monthly gains in both 2016 (195,000) and 2017 (182,000). Overall, the economy has added 4.5 million jobs since the election of President Trump in November 2016.

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New Jersey Business Tax Policies Chase Away Jobs

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the staff of the Ridgewood blog

Ridgewood NJ, In light of yesterday’s Wall Street Journal report detailing Google’s plans to add 12,000 new jobs in New York City, Senate Republicans Tom Kean and Steven Oroho said that the expansion would cost New Jersey thousands of  jobs and hundreds of millions of dollars in lost tax revenue.

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New Jersey Danger Sign The State’s Shrinking Workforce

the staff of the Ridgewood blog

Ridgewood NJ,  according to the Garden State Initiative (GSI) analysis of September’s monthly jobs report for New Jersey showed continued, smaller gains for a state economy that is still struggling to regain last year’s workforce losses .

The bad news is that while New Jersey’s workforce grew in September, it is still smaller by 30,100 individuals compared to September last year. The state’s current workforce is also smaller than the state’s average workforce size in 2008.

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US Economy Ranked #1 on Global Competitiveness Index

the staff of the Ridgewood blog

Ridgewood NJ, The U.S. economy has regained its status as the world’s most competitive , for the first time since 2008, according to the World Economic Forum’s Global Competitiveness Report. The U.S. scored 85.6 out of a possible 100. The World Economic Forum says the U.S. is the country closest to the “frontier of competitiveness,” an indicator that ranks competitive productivity using a scale from zero to 100.

“America’s vibrant entrepreneurial culture and its dominance in producing a competitive labor market and nimble financial system” partly explain its top ranking, the Global Competitiveness Report says.

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Democrat Norcross Praises Revised Trump NAFTA/US-Mexico-Canada Agreement

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the staff of the Ridgewood blog

CHERRY HILL, NJ – U.S. Congressman Donald Norcross (NJ-01) Democrat released the below statement after the Trump Administration posted text for an updated North American Free Trade Agreement (NAFTA) / United States-Mexico-Canada Agreement:

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The Middle-class is Back !

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the staff of the Ridgewood blog

Ridgewood NJ, for the first time since 1999 the median U.S. household earned $61,372 last year, meaning half of the families in the country brought in more income than this and half earned less. Crossing the $61,000 mark signals the American middle-class may have finally earned more than it did in 1999, although the Census Bureau cautions that median income last year was not statistically different from 1999 or 2007.

Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans, the U.S. Census reported Wednesday.

Middle-class household income has been rising steadily in recent years as the economy rebounded from the deep recession . After a period of economic stagnation millions of Americans have found jobs again.

Overall, just over half of American adults were in the middle class in 2016. That’s up slightly from 2011, but down from 61% in 1971. The Census Bureau also reported that the U.S. poverty rate declined modestly to 12.3 percent, the lowest level in years and a sign the economic devastation from the Great Recession is subsiding.

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Trump Labor Department Boosts Apprenticeship Push with New Website

the staff of the Ridgewood blog

Washington DC, “Trump’s administration has aggressively promoted apprenticeships as an alternative to higher education, arguing there is a strong demand for skilled workers not currently being met and that they provide good-paying careers without having to incur the debt typically entailed by higher education,” Sean Higgins reports for Washington Examiner.

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New Jersey;s Not So Rosey Jobs Report

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the staff of the Ridgewood blog

Ridgewood NJ, according to the Garden State initiative , “In their announcement for this month’s jobs report, the New Jersey Department of Labor and Workforce Development touted how the July unemployment rate of 4.2 percent marks the lowest unemployment rate for the state since July 2007. The unemployment rate is determined by dividing the total labor force by the number of unemployed persons in that labor force. However, despite the over-the-month gains, the state’s shrinking labor force as compared to a year ago—or three years ago—shows the danger of relying solely on a state’s unemployment rate as an accurate metric for economic growth. ”

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What to Do for High Score in Microsoft 70-761 Certification Exam?

the staff of the Ridgewood blog

Ridgewood NJ, With the use of the internet spreading all over the world, companies such as Microsoft have become some of the best in the world. Microsoft creates software and hardware that are used in most of the companies and industries. This is why there is a need for the Microsoft technicians. The need for the IT professionals who can handle Microsoft network processes is increasing day by day. With the increasing job opportunities, there is also an increase in the candidates for a job. For a person to secure a job in any company, it is very important to have a grasp on their skill and have certification to prove it.

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Networking Tips for Job Seekers in 2018

the staff of the Ridgewood blog

Ridgewood NJ, You’ve heard a million times that networking is the best way to find a great job, but what exactly does networking entail? Whether you’re a new grad just beginning to build your professional network or an experienced hire seeking chief financial officer jobs, try these tips to bolster the career connections you make this year.
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