Brand
We mean business
Comprehensive legal services for businesses
in New Jersey and New York

COVID-19 Notice: In order to best serve you, while being mindful of your health and safety, we are available for consultations and conferences via telephone and video. We can arrange for documents to be prepared, reviewed, signed and exchanged electronically. We are ready to assist you with all of your legal needs.

We are open and ready to assist you. Go to our COVID-19 Updates page to see our latest statement on the crisis and a list of recent news and developments during this challenging time.
GO
Close
top-contextual
comprehensive legal services for businesses

Number of small business employees growing in New Jersey

Many people in New Jersey and around the country realize that the economy has been unsteady for the last several years. Just when the national economy began to turn around, New Jersey was hit with Hurricane Sandy which devastated many small businesses along the New Jersey shore. With all this negative news, people may assume that this is not a good time to invest in business formation. However, despite these setbacks new data shows that small businesses in New Jersey are growing.

According to the new data, 15,000 small business jobs were created in the month of February in the United States. These businesses are those that have fewer than 20 employees. This was an increase of .07 percent compared with the previous month. In New Jersey specifically, the number of new small business jobs grew by .04 percent. While this number was lower than the national average, it was higher than neighboring New York and Pennsylvania. Each of those states lost small business jobs last month.

With the help of these increases, small business numbers in New Jersey are starting to reach pre-recession levels. Over the last year, 75,000 jobs have been created in the small business sector across the nation. While this growth is smaller than some would like to see, it is a step in the right direction. Furthermore, while the number of small business jobs continues to increase, so does the employees’ pay. In February, pay for small business employees’ pay increased .4 percent, while the number of hours worked increased .7 percent.

Whether to hire new employees is just one question that those looking to form a business in New Jersey must ask. By carefully considering business formation issues, like employee issues, from the beginning of a business venture, owners can save themselves time, money and hassle down the line.

Source: NJBIZ, “Report: NJ small business job growth slow, but encouraging,” Mary Ann Bourbeau, March 4, 2013

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map


Phone: 201-957-0874
Fax: 201-291-0140

Phone: 201-291-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2017

GET ANSWERS from a firm
with a sense of business.

Archives

Review US
FindLaw Network