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#GreaterPrincetonNJ NJ Real Estate News

NJ Suburbs Growing & Labor Shortage

NJ Suburbs Growing & Labor Shortage

New Jersey has recovered 68% of the jobs it lost when the pandemic first hit in March and April of 2020.

Hiring struggles are a sign that the labor shortage wasn’t temporary.

It could last for as long as a decade as employers scramble to fill jobs left vacant by retiring baby boomers.

And it leaves younger workers squarely in the driver’s seat.

New Jersey continued its strong job growth in September 2021, adding 21,500 jobs  — 11,900 in the private sector and 9,600 in the public sector, the state Department of Labor and Workforce Development reported Thursday.

New Jersey has recovered 68% of the jobs it lost when the pandemic first hit in March and April of 2020.

The unemployment rate ticked down to 7.1% from 7.2% as more workers reported they were actively searching for jobs, the report found.

These days, workers can be choosy.

Are you thinking of moving in Greater Princeton NJ area or planning to move out ?

Want to buy a house or sell one?

Call me today at 609-915-9665 and I will be glad to discuss your real estate needs.

I am a Realtor with Coldwell Banker and assist buyers and sellers in Princeton, NJ.