Economic & Recovery Update: News Release: 11/21/2022

November 21, 2022

Content Curated By Scott Goldstein

 INSIDE TODAY'S UPDATE

 

  • N.J. sees few signs of economic trouble, but trouble lingers.

 

  • U.S. supply chain under threat as railroad strike looms.

 

  • Black Friday is coming: How to strategically lower prices.

N.J. Sees Few Signs of Economic Trouble, but Trouble Lingers

Amid growing concerns about a potential recession, the latest economic reports for New Jersey show continued low unemployment, robust state revenue collections and other signs of strength. Tax collections and jobs are up. But other signs point to a possible slowdown. (NJ Spotlight News)

 

The U.S. Supply Chain is Under Threat as Railroad Strike Looms

Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected theirs, threatening the health of the economy just before the holidays and casting more doubt on whether the industry will be able to resolve the labor dispute before next month’s deadline without the help of Congress. (The Associated Press)

 

Tolls are Set to Rise on Bridges and Tunnels to New York

The Port Authority is increasing tolls by $1, blaming high inflation and revenue losses due to the pandemic. The toll increases – the first since 2019 – will go into effect on Jan. 1, assuming the agency’s board of commissioners approves the Port Authority’s new $8.3 billion budget for 2023 next month. (NJ Spotlight News)

 

Gov Murphy: Major National Event is Coming to Atlantic City

Gov. Phil Murphy, the incoming chairman of the National Governor’s Association, said that the National Governor’s Association Annual Summer Meeting will be held in Atlantic City in July 2023. (New Jersey 101.5)

 

How to Strategically Lower Prices

With Black Friday and Small Business Saturday rapidly approaching, you may be contemplating offering sales or discounted pricing. Here's how to lower your prices strategically. (U.S. Chamber of Commerce)

Looking to Get Vaccinated? Here's an Easy Way to Find COVID-19 Vaccines Near You.

Just punch in your area code. You can even search for a specific vaccine. (vaccines.gov)

Were you forwarded this newsletter? For more information about the N.J. Chamber, email [email protected]
Business Resources

Surviving a Recession (U.S. Chamber of Commerce)

 

Vaccine Guide for Businesses (U.S. Chamber of Commerce)

 

General Pandemic Information (State of N.J.)

 

Business Funding Opportunities Provided by the State (State of N.J.)

 

Starting a Business in N.J. (New Jersey Business Action Center)

 

Becoming a Government Contractor (State of N.J.)

 

Recognizing Cannabis Impairment at Work  (State of N.J.)

 

Emergency Preparedness (N.J. Business Action Center)

The Best Tool for Your Business - Membership in the N.J. Chamber
 
The N.J. Chamber provides members with guest speakers, webinars, networking opportunities and discount programs that help businesses grow. The N.J. Chamber also advocates for pro-growth and pro-business legislation.
 
You are welcome to share this newsletter via email, social media or on your organization's website. Please credit the New Jersey Chamber of Commerce with a link to http://njchamber.com.
 
The New Jersey Chamber of Commerce is staying on top of pandemic and economic recovery developments. For news media requests, please email Scott Goldstein.
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