Economic Trends

"From the lowest unemployment rates in recorded history in 2019 to the highest in 2020, New Jersey’s workforce experienced a turbulent year. Forget the Great Recession, economists have compared 2020 ..."

"Although every industry in New Jersey has experienced hardships because of the historic economic fallout from the COVID-19 pandemic, the leisure & hospitality industry and its workers have been ..."

"Like many New Jersey industries, the integration of technology and artificial intelligence (AI) continues to play a major role in the  transformation of the trade, transportation & utilities ..."

"Advancements in technology have eliminated geographic boundaries for many professional & business services. While technology and business systems are evolving rapidly, organizations are having ..."

"The “Internet of Things” (IoT) has redefined the information industry, particularly in sectors like software, devices & infrastructure, IT, business services, telecommunications services, and ..."

"An aging workforce with a lack of young, skilled labor accompanied by the costly nature of New Jersey’s business climate could be two key factors contributing to the decreasing presence of ..."

"The health services industry faces unprecedented challenges as the coronavirus pandemic stretches into its fifth month. The industry was already a major employer in the Garden State pre-pandemic, but ..."

"Nearly half of business owners anticipate it will take 10 months or longer to generate revenues comparable to pre-COVID profits, while nearly 12% say they will never make up for those missed ..."

" The Impact of COVID-19 on New Jersey's Workforce  NJ's Weekly UI Claims & Estimated Total Unemployment Every Thursday, the U.S. Department of Labor releases Unemployment Insurance Weekly ..."

" The Impact of COVID-19 on New Jersey's Workforce NJ's Estimated Weekly U-6 Unemployment Rate Prior to COVID-19, Focus NJ was tracking the state’s employment rate on a monthly basis, given ..."