NJ Chamber of Commerce: Economic Recovery and Reopening Update 06.04.2021

New Jersey Chamber of Commerce
NJ Chamber
Economic Recovery & Reopening Update
June 4, 2021
Content Curated By Scott Goldstein
  • Public health emergency ended – mostly.
  • COVID-19 restrictions lifted today.

  • Jobs report shows companies struggling to find workers.
Public Health Emergency Ended – Mostly
In a vote that appears to have further strengthened the powers of Gov. Phil Murphy, the state Legislature on Thursday passed a bill to end the state’s 15-month-old public health emergency because of the COVID-19 pandemic — but did so while allowing Murphy to retain some of the powers he has had throughout the pandemic until the end of the year. The proposal passed along party lines — 44-28 in the Assembly and 21-16 in the Senate. Only two Democrats voted no. (ROI-NJ)
Helping businesses get back on track, together.
COVID-19 Restrictions Lifted Today
Starting Friday, the state is rolling back one of its final rounds of COVID-19 restrictions, as the spread of the virus plummets and more than 4.1 million people in the state are fully vaccinated. Under these latest reopenings, effective June 4, general indoor gathering limits, previously capped at 50 people, are being lifted. Meanwhile, the 250-person cap is being scrapped on political gatherings, weddings, funerals, memorial services, and commercial events. (NJBIZ)
Jobs Report Shows Companies Struggling to Find Workers
U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain, but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession. Last month’s job gain was above April’s revised total of 278,000, yet well short of employers' need for labor. The unemployment rate fell to 5.8% from 6.1%. (Politico)
One in Six Say No to Vaccine
About one in six New Jersey adults, or 17% of the adult population, say they won’t get the COVID vaccine, according to a new Rutgers-Eagleton poll. Another 10% say they will probably get the vaccine eventually, while 73% say they have already received at least one dose of the vaccine, the poll said. (NJ.com)
N.J. COVID Numbers Plummet
New Jersey on Thursday reported another 255 confirmed cases of the coronavirus and an additional 7 confirmed deaths, as COVID-19 numbers continue to plummet while vaccinations increase. Gov. Phil Murphy announced the updates on social media. More than 4.1 million people who live, work, or study in the state have now been fully vaccinated against COVID-19 at New Jersey sites. (NJ.com)
COVID Cases Below 10,000 Nationally
Last September, with COVID-19 vaccines still some three months from being made publicly available, the nation was recording about 40,000 new cases per day. Now, simply because there is less virus circulating through the United States today than at any time since March 2020, when the pandemic was just beginning. June 1 saw only 9,358 new COVID cases recorded across the country, as Centers for Disease Control and Prevention Director Rochelle Walensky said during a Thursday briefing. (Yahoo News)
Pension Payment
State lawmakers are considering piling on hundreds of millions of dollars in this year’s upcoming pension contributions, beyond what Gov. Phil Murphy is proposing. Gov. Phil Murphy’s budget calls for $44.8 billion to cover state expenses between July 1 and June 30, 2022. Baked into that is $6.4 billion toward the state’s pension bill–which would mark the first time in decades that the state is fully funding its pension obligation. But with the state flush with cash, lawmakers and state leaders are looking at how they could spend billions of dollars in surplus money. (NJBIZ)
The State is Setting Up Vaccine Clinics Hosted by Employers  
The state Health Department is pairing vaccine providers with employers to create on-site vaccine pop-up clinics. The Health Department is asking employers interested in hosting a clinic at no cost to take this survey. (The New Jersey Department of Health)
New Jersey Released an Employers Guide to the COVID-19 Vaccine 
The guide recommends actions employers can take to promote COVID-19 vaccines. The guide calls the vaccines "a key enabler of the new normal and New Jersey’s economic recovery from the pandemic." To read the guide, click here. (The New Jersey Department of Health)
Were you forwarded this newsletter? For more information about the N.J. Chamber, email [email protected]
Business Resources
State & Federal Financial Assistance (U.S. Chamber of Commerce)
Pandemic Resources for Small Businesses (U.S. Chamber of Commerce)
Reopening Playbook for Employers (U.S. Chamber of Commerce)
Vaccine Guide for Businesses (U.S. Chamber of Commerce)
Jobs and Hiring Portal Job Seekers | Employers (State of N.J.)
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.
N.J. Coronavirus Cases
Total Confirmed Deaths Reported: 23,587
Total Confirmed COVID-19 Cases Reported: 888,507
Fully Vaccinated People in N.J.: 4,303,321
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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