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

New Jersey adds jobs, unemployment rate falls

Over the last few years, the economy has been struggling in New Jersey making it difficult for new businesses to get off the ground. With the struggling economy, people were less willing to hire employees and tackle business formation issues. However, new data suggests that the economy may be turning around in New Jersey.

According to the Department of Labor and Workforce Development New Jersey added more than 14,000 jobs during the month of May. Most of these jobs were from the private sector including jobs in the retail, and healthcare sectors. These gains in the private sector offset government layoffs of 3,800 jobs. With these gains in jobs, New Jersey’s unemployment rate has fallen to 8.6 percent — the current national unemployment rate stands at 7.6 percent. In January, the unemployment rate in New Jersey was at 9.5 percent.

If the economy stays on track, New Jersey is headed to having its best year for job growth since 2000 by adding an estimated 70,000 jobs. Many analysts say that these are all signs that the economy is recovering and is on solid ground.

This is good news for many people who may be considering starting or growing a business in New Jersey. Before opening its doors, businesses have a lot of decisions that need to be made. Some of these decisions, including what type of entity a business should become, can have a major effect on a business’s future. By consulting with the right people, business owners can make these decisions in the best way to give themselves a competitive edge in this recovering economy.

Source: The Star-Ledger, “New Jersey added 14,300 jobs in May, sending jobless rate lower,” Ed Beeson, June 20, 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