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New Jersey’s unemployment rate — the percentage of people unemployed — was 4.6% in May, according to numbers from the state Labor Department. Nationwide, the unemployment rate was 4% ...
The New Jersey Civil Service Commission is an independent body within the New Jersey state government under the auspices of the department. Initially constituted in the late-1940s, pursuant to P.L. 1948, c.446, as the Department of Labor and Industry, the department is one of 16 executive branch departments in New Jersey state government.
The wage curve [1] is the negative relationship between the levels of unemployment and wages that arises when these variables are expressed in local terms. According to David Blanchflower and Andrew Oswald (1994, p. 5), the wage curve summarizes the fact that "A worker who is employed in an area of high unemployment earns less than an identical individual who works in a region with low ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
In late 2021, New Jersey was tapped as one of two states participating in a federal pilot program to modernize and improve the federal unemployment system starting early in 2022.
Easier questions. A mobile-friendly website. The ability to save your progress on the application. These are some of the changes coming to New Jersey’s online unemployment application process ...
Beveridge curve. A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate, the number of unfilled jobs expressed as a proportion of the labour force. It typically has vacancies on the vertical axis and unemployment on the horizontal. The curve, named after William Beveridge ...
Despite New Jersey’s unemployment rate hike, by the end of November 2023 the state counted some 63,000 filled job positions that it didn’t have a year ago, meaning the number of payroll ...