Governor Christie has outlined a detailed plan for economic development in New Jersey.The New Jersey Partnership for Action will be overseen by Lt. Governor Guadagno and will serve as the starting point for all initiatives, policies and efforts related to growing New Jersey’s economy and creating quality, sustainable jobs. Specifics of the Partnership include: · Attracting New Businesses and Helping Existing Businesses Thrive · Promoting New Jersey as a Place for Businesses to Choose · Developing Policy Initiatives that Capitalize … Continue reading New Jersey Partnership for Action
New Jersey Job Market
New Jersey Partnership for Action
Also posted in Legislative, Uncategorized Tagged Economy, Jobs, New Jersey, Partnership for Action Comments closed
New Jersey State Budget News
The Office of Legislative Services (OLS) projects that fiscal 2010 and fiscal 2011 revenues will be $249.4 million less than the estimates in the Governor’s proposed fiscal 2011 budget. For fiscal 2010, the OLS revenues are $81.7 million below the Governor’s estimates, and OLS’s fiscal 2011 estimates are $167.7 million below the Governor’s projections. These differences are relatively minor, representing less than 1 percent of the budget. The biggest reason for the lower estimate is the underperformance of the sales … Continue reading New Jersey State Budget News
Obama New HIRE Act
The new HIRE Act signed by President Obama this month provides a temporary payroll tax exemption to companies, including staffing firms that hire previously unemployed workers. The law requires employees to sign an affidavit certifying that they had not been employed for more than 40 hours total in the 60-day period immediately prior to beginning employment. The U.S. Internal Revenue Service has indicated it will issue a form that employers can provide for employees to sign.
Healthcare Reform Bill to be Signed on Tuesday
President Obama will sign the Health Care Reform Reconciliation Bill on Tuesday, March 30. The U.S. House of Representatives voted on March 25 to approve a “reconciliation” bill containing major amendments to the Senate-passed health care reform bill that was signed by President Obama last week. The Senate approved the bill earlier that day but made minor changes that required that it be sent back to the House for a final vote. Among other things, the reconciliation bill dramatically increases … Continue reading Healthcare Reform Bill to be Signed on Tuesday
Hearing on State Unemployment Insurance Trust Fund
The Senate Labor Committee will hold a public hearing on Thursday, March 18, 2010 at 10:00 AM in Committee Room 6, 1st Floor, State House Annex, Trenton, NJ. The Committee will hear testimony from the public about the fiscal condition of the State Unemployment Insurance (UI) Trust Fund and related UI tax issues, the effectiveness of the UI program in mitigating hardships from layoffs, and the scope and future prospects of federal programs for the unemployed, including UI benefit extensions and … Continue reading Hearing on State Unemployment Insurance Trust Fund
Unemployment Tax Fight in New Jersey Legislature
Senator Fred Madden and Assemblyman Joseph Egan, chairmen of the Senate and Assembly labor committees respectively, said they are committed to seeking a compromise that would protect the state’s jobless from seeing any cut to their current unemployment benefits while also insulating businesses from a scheduled increase in their unemployment insurance taxes. Madden and Egan said such an agreement is necessary after they received notice from the nonpartisan Office of Legislative Services that a proposed cut in state benefits … Continue reading Unemployment Tax Fight in New Jersey Legislature
Also posted in Legislative, Uncategorized Tagged Benefits, New Jersey, NJ, Unemployment Comments closed
Jobs Bill and New Hire Credit Passed by House
The House of Representatives passed the legislation on March 4. The jobs bill contains two major provisions. First, it would exempt businesses hiring the unemployed from the 6.2 percent Social Security payroll tax through December and give them an additional $1,000 credit if new workers stay on the job a full year. The Social Security trust fund would be reimbursed for the lost revenue. Second, it would extend highway and mass transit programs through the end of the year and … Continue reading Jobs Bill and New Hire Credit Passed by House
Christie Warns of Tax Hike for Unemployment Fund
Last week Governor Christie warned New Jersey businesses that they can expect an increase of up to $1,000 per employee in their unemployment tax starting July 1 unless the federal government helps the state replenish the fund. Business taxes are increased by law when the fund’s balance dips below a certain level as measured every March. Christie says the fund will be $1.6 billion in debt by March. The Governor said his administration will ask the federal government to forgive … Continue reading Christie Warns of Tax Hike for Unemployment Fund
Also posted in Legislative, New Jersey Recruiting Tips Tagged Christie, New Jersey, NJ, Tax, Unemployment Comments closed
New Jersey Staffing Survey Results Reflect Changing Market
The New Jersey Staffing Alliance, as a service to its members and the NJ staffing industry, solicited responses to a survey in order to gain insight on recent market conditions that the industry has faced this year, and the near-term prospects of improvement as the economy begins to strengthen. The information has been compiled on an anonymous basis. Please click here for your copy of this survey. Significant results of the survey included: The staffing segments that have had … Continue reading New Jersey Staffing Survey Results Reflect Changing Market
Posted in New Jersey Job Market Comments closed
When Will New Jersey Employers Start Hiring?
According to a quarterly report conducted by CareerBuilder.com, as the U.S. economy shows early signs of stabilization and employers grow more willing to have conversations about their hiring needs, staffing firms are expected to see an uptick in demand in key functional areas in the third quarter. The report tracks current and projected use of staffing firms by employers and job candidates, is pointing to more activity in healthcare, technical and contract hiring for staffing firms. The study included over … Continue reading When Will New Jersey Employers Start Hiring?
