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New Jersey Chamber Insider
Business News, Advice and Trends
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Content Curated By Scott Goldstein
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- New home sales soar 20% in August to a three-year high.
- Report: Seasonal retail hiring could fall to lowest level since 2009, signaling trouble for holidays.
- PSEG CEO Ralph LaRossa: 'Current market rules not capable of delivering the power NJ needs.'
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New home sales soar 20% in August to a three-year high
Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July, to the highest level since January 2022, according to the U.S. Census. It's also the largest one-month gain since August 2022. Sales were 15.4% higher than August 2024. The median price of a new home sold in August was $413,500, an increase of 1.9% year over year. (CNBC)
Report: Seasonal retail hiring could fall to lowest level since 2009, signaling trouble for holidays
Seasonal hiring in the retail industry is poised to fall to its lowest level since the 2009 recession, an early warning that the holiday shopping season could be softer than expected, job placement firm Challenger, Gray & Christmas reported. Challenger is projecting retailers may add under 500,000 positions in the final three months of 2025, an 8% decline from a year ago. This time last year, retailers like Target, Macy’s, Burlington Stores, Aldi and 1-800-Flowers had already announced seasonal worker plans. So far this season, none of those companies have made seasonal worker announcements. (CNBC)
There are 254,000 electric vehicles registered in New Jersey
New Jersey has 254,000 electric vehicle registrations, a 15% increase since December 2024, Gov. Murphy announced Tuesday, during New Jersey’s Climate Week. There are now over 1,700 fast charging ports and 3,300 Level 2 charging ports publicly available across New Jersey, with hundreds more being added annually. (BINJE)
Hiring best practices: How to evaluate job candidates objectively
Evidence-based hiring helps leaders find employees that align with their ideal candidate profile. Here's how to make objective and bias-free decisions. (U.S. Chamber of Commerce)
NJ Chamber's Women of Inspiration Awards Reception
See all the photos from the 'Women of Inspiration' Awards Reception
An unforgettable evening of networking, awards, and inspiration. Click here to view the photos from the N.J. Chamber’s 2025 'Women of Inspiration' Awards Reception on Sept. 18. (N.J. Chamber of Commerce)
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Cornerstone NJ Member News
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PSEG CEO Ralph LaRossa: 'Current market rules not capable of delivering the power NJ needs'
PSEG Chair and CEO Ralph LaRossa, in a public statement Tuesday about surging energy prices, said the current rules and regulations around energy generation and delivery aren't capable of providing the state what it needs – and New Jersey must take action. The PJM Interconnection, the grid operator for New Jersey, 12 other states and D.C., is governed by a board whose voting members include transmission line owners and independent power plant operators. States do not have a vote in the decision-making process, which is upsetting to governors in the region, many of which feel PJM is not attentive to their needs. (BINJE)
NJIT continues to climb the national rankings
Tuesday's announcement that New Jersey Institute of Technology has climbed to No. 80 in the 2026 U.S. News & World Report Best college rankings – its highest-ever placement – demonstrates how the school has raised its reputation. It follows high rankings from The Princeton Review (No. 27 nationally for best value and No. 1 in N.J. among public universities) and The Wall Street Journal (No. 26 nationally among universities for alumni salaries and No. 30 for social mobility). (BINJE)
FirstEnergy Foundation’s hunger relief grant will deliver 2M meals in NJ
The FirstEnergy Foundation is awarding $600,000 in grants to 21 New Jersey food banks and pantries. It's part of the foundation’s Hunger Action Month initiative granting $2.5 million to 104 hunger relief organizations in N.J., Maryland, Ohio, Pennsylvania, West Virginia and Virginia, marking the foundation’s largest hunger-relief investment. The grants will provide about 2 million meals to families in communities served by Jersey Central Power & Light, a division of FirstEnergy Corp. (ROI-NJ)
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Cornerstone NJ is a membership program of the New Jersey Chamber of Commerce.
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BUSINESS MADE EASIER
Do business with fellow N.J. Chamber members — you can find them in our online directory.
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Sept. 25 – Member Networking Breakfast (Free to members)
New Jersey Audubon, Bernardsville, 9 a.m. to 10:30 a.m.
Register
Young Professionals Networking Mixer
Oct. 6 – A Night With Basketball Hall of Famer Nancy Lieberman
Fiserv, Berkeley Heights , 5:30 p.m. to 8 p.m.
Basketball star Nancy Lieberman will be our guest speaker at this special event sponsored by the N.J. Chamber Young Professionals Network.
More information and Register
N.J. Chamber Business Roundtable Series
Oct. 21 – The State of Transportation
National Conference Center, East Windsor, 8 a.m. to 10 a.m.
More information and register
Oct. 22 – NJ Chamber Legislative & Business Awards Reception
EisnerAmper, Iselin, 5 p.m. to 8 p.m.
We will recognize state leaders and advocates who have demonstrated an unwavering commitment to supporting N.J.’s business community.
See honorees and register
Nov. 6 – DE&I Trailblazer Awards Reception
Co-Hosted by African American Chamber of NJ and NJ Chamber
Pines Manor, Edison, 5:30 p.m. to 8 p.m.
More information and register
N.J. Chamber Business Roundtable Series
Dec. 2 – The State of Higher Education & Workforce Development
National Conference Center, East Windsor, 8 a.m. to 10 a.m.
More information and register
Dec. 11 – Annual Member Holiday Party (Free to members)
Calandra's Italian Village, 5 p.m. to 8 p.m.
More information coming soon
March 31 – April 1, 2026 – ReNew Jersey Business Summit & Expo
Harrah's Atlantic City
More information coming soon
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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.
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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 the issues important to business. For news media requests, please email Scott Goldstein.
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