Thursday, August 9, 2018

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This Week on NewJerseyNext.com

Montclair Jazz Fest Celebrates Legendary Talent in NJ August 11

The Montclair Jazz Festival is back for another marathon day in Nishuane Park this Saturday, August 11, 2018 from noon to 9 p.m. Directed by jazz superstar Christian McBride, presented by the Bravitas Group & Silver Family Foundation and produced by Jazz House KiDS. Artist highlights include: EDDIE PALMIERI Afro-Caribbean Jazz Sextet, CHRISTIAN MCBRIDE Inside […]

Review: BlacKkKlansman — One of the Best Films of the Summer Is This ‘Wake Up’ Call from Spike Lee

“BlacKkKlansman” is fiercely felt, indulgently overlong, proudly provocative and excitingly experimental. It’s full of great performances (and a couple of scenery-chewing ones). It has a dreamy reverse-dolly of two people walking (but actually gliding) toward the camera. It brilliantly dramatizes a vital issue, and the debate over two diametrically opposed responses. In other words, it’s […]

Animal Science, Robotics, & More at Somerset County 4-H Fair Held Aug. 8 – 10

The Somerset County 4-H Fair, located at North Branch Park in Bridgewater, brings fun and learning together Aug. 8 – 10. A county tradition since 1947, this year’s theme is ‘Unleash Your Passion.’ Somerset County 4-H Program Coordinator Barbara Navatto explained that there’s something for every child to enjoy and explore. “The fact is, that in […]

Alstede Farms Hosts Peach Harvest Festival Through Aug. 19 in Chester

Alstede Farms, located in Chester, is paying homage to the peach with a harvest festival that celebrates the sweet stone fruit. Enjoy scrumptious peach treats galore: peach muffins, peach melba loaf, assorted peach pies, peach crumb cake and bread, baked oatmeal with peaches, peach fry pies, Alstede’s peach dessert, and more at our Peach Harvest Festival […]

Free Family-Friendly Movies During August at Mayo Performing Arts Center

Stay cool and save cash by checking out the free flicks offered during August at Mayo Performing Arts Center. The following are the films and showtimes:   Sing!: MON AUG 13, 2018 @ 10:30 AM A koala impresario stages a gala singing competition in order to save his theater, and the contest attracts the attention of […]

Top 10 Things to Do in New Jersey

Montclair Jazz Festival, August 11

Directed by Christian McBride, presented by the Bravitas Group & Silver Family Foundation and produced by JAZZ HOUSE KiDS. Artist highlights include EDDIE PALMIERI Afro-Caribbean Jazz Sextet, CHRISTIAN MCBRIDE Inside Straight, OLIVER LAKE TRIO, THE ROYAL BOPSTERS and JAZZ HOUSE COLLECTIVE. The all-day, “NO TICKETS REQUIRED” festival includes a 2nd stage in the Family Jazz […]

Salem County Fair Runs Aug. 7 – 10

Salem County Fair runs August 7-10. A Salem County tradition since 1959 No Admission Fee! Parking Fee – $10.00 per vehicle for all 4 days Shedule of events for opening day at the Fair on Tuesday, August 7th. The full schedule can be found on the fair’s website: www.salemcountyfair.com. TUESDAY, August 7, 2018 8:30 AM […]

42th Anniversary IAATO Italian Festival in Ocean Township Starts Aug. 8

The 42th Anniversary IAATO Festival Ocean Township starts Aug. 8 and runs through Aug. 12. Opens 5:00 PM Daily until 11:00 PM Joe Palaia Park, 200 Whalepond Rd., Oakhurst, NJ 07755Celebrating Italian Heritage and Culture! Admission is Free. For more information please email: infoiaato@gmail.com or call 732-517-1040.

109th Annual Ocean City Baby Parade Hits the Boardwalk Aug. 9

The 109th annual Ocean City Baby Parade is scheduled for Aug. 9, 2018. PARADE ROUTE: 6th Street to 12th Street on the Boardwalk. Bands, special guests, cars, dignitaries, etc. will travel to 14th Street.   REVIEWING STAND: At the Music Pier, Moorlyn Terrace   WINNERS: Each child receives a memento at 12th Street for participating […]

2018 Somerset County 4-H Fair Starts Aug. 8 in Bridgewater

2018 Somerset County 4-H Fair runs Wed, Aug 8, 2018, 10:00 AM – Fri, Aug 10, 2018, 10:00 PM EDT This year’s Fair Theme is: Unleash Your Passion (in 4-H)! There are so many ways that a 4-H member can interpret this, such as; how has 4-H helped a youth EXPRESS their passion; how has 4-H helped a youth FIND their passion. Also […]

Middlesex County Fair August 6 – 12

If you’re looking for a fun, family-friendly event, check out this year’s Middlesex County Fair. The Middlesex County Fair Association, Inc. has been bringing families together for 80 years and is excited to bring another summer of fun to local residents! We are proud to be one of Middlesex County’s largest events. With more than […]

Jersey Shore Film Festival, August 1 – 12

Celebrating its 11th year, the Jersey Shore Film Festival (JSFF) is returning to Allenhurst, Asbury Park, and Deal Park, at the Jersey Shore in the summer of 2018. JSFF has grown to become one of the marquee film festivals in New Jersey. It is a lucrative opportunity for filmmakers, directors, actors, crew, and producers to […]

Bloomfield Restaurant Week, August 4-12, 2018

The 7th Annual Bloomfield Restaurant Week will showcase “what’s cooking” in Bloomfield, New Jersey’s local culinary scene with more than 25 restaurants sharing fan favorites and new offerings. Taking place from Saturday, Aug. 4th through Sunday, Aug. 12th, more than 25 of Bloomfield’s finest restaurants will offer lunch and/or dinner prix fixe menus costing $30 […]

Seaside Heights Boardwalk Concert Series – Jukebox Legends Mondays Thru Sept. 3

2018 Monday Night Boardwalk Concert Series in Seaside Heights: July 9 @ 7:00 PM – Franklin Avenue Stage –  Jukebox Legends Their vocals and show will take you back in time to the sounds of the 50’s, 60’s and 70’s. A local group that will keep you entertained all night long. July 16 @ 7:00 […]

‘Hairspray The Musical’ Opens in Voorhees Aug. 9

Voorhees Theatre Company presents ‘Hairspray The Musical‘ the Young Adult Summer Show You can’t stop the beat in this big and bold musical about one girl’s inspiring dream to dance. The 1950s are out, and change is in the air! Hairspray, winner of eight Tony Awards, including Best Musical, is a family-friendly musical, piled bouffant-high with laughter, romance and […]
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Economic Observer
 
Labor Market Continues to Strengthen

Overview: The labor market reports were the only major economic data released over the past week, and they came in right on target. As a result, mortgage rates ended the week with little change.

There were no surprises to be found in Friday's important Employment Report. The economy gained 157,000 jobs in July, below the consensus forecast of 190,000. However, upward revisions added 59,000 jobs to the results for prior months, offsetting the shortfall. The economy has gained an average of 215,000 jobs per month so far this year, even higher than the strong pace of 184,000 seen over the same period last year. The unemployment rate decreased from 4.0% to 3.9%, as expected. Average hourly earnings, which is viewed as an indicator of wage growth, also matched expectations. They were 2.7% higher than a year ago, the same annual rate of increase as last month.

The Job Openings and Labor Turnover Survey (JOLTS), which helps the Fed and investors round out their views of the strength of the labor market, revealed that there were 6.66 million job openings in June. This was close to the record high figure seen in April and exceeds the 6.56 million people who reported that they were looking for work that month. A high level of workers also willingly left their jobs. This is viewed as a sign of labor market strength, since people usually quit only if they believe they can find better jobs.

Week Ahead
Looking ahead, the Consumer Price Index (CPI) will come out on Friday. CPI is a widely followed monthly inflation report that looks at the price change for goods and services. The Retail Sales report will be released on August 15. Consumer spending accounts for about 70% of all economic activity in the U.S., and the retail sales data is a key indicator of growth. The Industrial Production and Capacity Utilization report, another important indicator of economic growth, will also come out on August 15.


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