Economic & Recovery Update: News Release: 8/4/2022

August 4, 2022
 
Content Curated By Scott Goldstein
 
 INSIDE TODAY'S UPDATE
 
  • Applications for U.S. jobless claims up again last week.
 
  • Lawmakers will begin tackling a huge New Jersey judge shortage.
 
  • Delays, downgrades, unplanned layovers: U.S. proposes to increase refund protections for air travelers.
 
Applications for U.S. Jobless Claims Up Again Last Week
More Americans applied for jobless benefits last week as the number continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy. Applications for jobless aid for the week ending July 30 rose by 6,000 to 260,000, from the previous week’s 254,000, the Labor Department reported Thursday. First-time applications generally reflect layoffs. (The Associated Press)
 
Lawmakers on Monday Will Begin Tackling N.J. Judge Shortage
A key state Senate panel will begin to deal with New Jersey’s massive state judge vacancy problem Monday in a rare summer meeting. There are currently 63 judicial vacancies out of 433 trial court positions, and 10 more are anticipated by the end of the year, according to the state Judiciary. Legal experts say justice is being denied and delayed for tens of thousands of New Jersey residents because of the historic number of judicial vacancies. (nj.com)
 
Delays, Downgrades, Unplanned Layovers: U.S. Proposes to Increase Refund Protections for Air Travelers
The U.S. Transportation Department is proposing to require airlines to offer passengers a refund if their departure or arrival time changes by three hours or more for a domestic flight, or at least six hours for an international flight. Refunds would also be due if the airline changes the passenger’s departure or arrival airport, adds stops in their itinerary, or causes “a significant downgrade” in the travel experience by switching to a different type of plane. (The Associated Press)
 
COVID-19 Cases Dropped 9% Globally Last Week, Deaths Stable
New coronavirus cases fell 9% globally last week while deaths remained stable, according to the World Health Organization. The U.N. health agency said there were 6.5 million cases reported last week with more than 14,000 deaths. The highest numbers of new cases were reported in Japan, the U.S., South Korea, Germany and Italy. The most deaths were reported in the U.S., Brazil, Italy, Japan and Australia. (The Associated Press)
 
It Will Feel Like 100 Degrees or More as Heat Index Soars
Temperatures will soar into the upper 90s on Thursday and Friday, with the heat index later this afternoon climbing as high as 104 degrees along the Interstate 95 corridor, the National Weather Service said. (nj.com)
KPMG
KPMG LLP proudly celebrates
100 years in Short Hills!
 
Our first New Jersey office opened its doors in Newark in 1922. Today, our more than 950 professionals are proud to be a part of New Jersey’s growth and success.
 
KPMG also celebrates our 125th anniversary on August 2 through our commitment to local communities across the country. In New Jersey, our people are volunteering for community projects and partnering with local not-for-profit organizations.
Short Hills 100th Anniversary
 
51 John F. Kennedy Parkway 
Short Hills, NJ 07078
 
© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. NDP354866-1A
 
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
 
Vaccine Guide for Businesses (U.S. Chamber of Commerce)
 
 
 
Guide to Starting a Business in N.J. (New Jersey 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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