U.S. Bureau of Labor statistics show Jersey City continues to outpace both the nation and the state in reducing the unemployment rate.
Jersey City’s unemployment rate has dropped from 10.6 percent to 6.5 percent since 2013, outpacing the state, nation and other major cities in the NY/NJ region.
“We had a plan when we took office and we have put a great deal of focus on job creation. This is strong independent validation that we are doing it better than anyone,” said Mayor Steven Fulop.
Jersey City has added more than 9,000 new jobs since Fulop took office, ranging from new small businesses to construction jobs to corporate jobs.
Strides include 6,000 units under construction (including Journal Square for the first time in decades) and another 18,000 approved is a direct result of the incentive program changes from the Fulop administration when they took office. According to certificates of occupancy issued by the Building Department, nearly 150 new small businesses have opened in the past 18 months in Jersey City, including 50 restaurants.
Talde, a casual Asian-American restaurant & bar owned by David Massoni in conjunction with Top Chef Dale Talde & John Bush, recently opened. A total of $2.5 million was spent on the construction and development of the restaurant, which employees 140 people, with 85 percent being full-time staff.
“When we first thought about opening in Jersey City, we were excited but there was also concern. Well, that worry was for the most part wiped away for us when we saw all of Mayor Fulop’s new initiatives to create a better community for businesses and residents alike in Jersey City,” said David Massoni, owner and operator of Carrino Provisions and Talde Jersey City.
In addition to the hundreds of small businesses opening in Jersey City, national and international companies are relocating to Jersey City or expanding their presence, such as Nautica and Timberland, RBC, JPMorgan Chase, Imperial Bag, Peapod/Ahold, Forbes, Charles Komar & Sons, and Actavis.