BUSINESS REPORT

April jobs reports could show employment losses of 20 million

BY Rhonda Schaffler, Correspondent |

Get ready to hear some tough numbers about job losses and COVID-19. This week we’ll get two separate reports, including one from Roseland-based ADP, tallying up the job losses for April when much of the U.S. economy shut down. Economists forecast more than 20 million Americans lost their jobs in that month alone.

Public workers are bracing for potential furloughs. State Senate President Steve Sweeney says he’s moving forward with a proposal to furlough 100,000 state and local government employees. A Senate committee could hear the proposal as early as this week. Sweeney told The Star-Ledger editorial board that he does not have support for his plan yet from Gov. Phil Murphy, although on Monday the governor suggested layoffs are a possibility as the state wrestles with a steep drop in revenues.

State lawmakers are trying to help the New Jersey’s hospitality industry, supporting legislation that would allow smaller companies to obtain loans from the New Jersey Economic Development Authority. Another bill approved by the Assembly Appropriations Committee could help keep cocktail bar owners stay in business by allowing take-out and delivery of cocktails.