New Jersey, October 27, 2025
The State of New Jersey Common Pension Fund D has made strategic adjustments to its investment portfolio by selling shares in Exxon Mobil Corporation. This decision to reduce holdings in the energy giant comes amid recent market fluctuations, reflecting a shift in investment strategy. The move is part of broader efforts to adapt to changing market conditions as the fund aims to optimize returns while managing risk effectively.
Newark, New Jersey
New Jersey’s construction industry is facing significant challenges, as reported employment figures show a continuing decline for the third straight month. In August 2025, the sector lost 7,000 jobs, raising concerns about its stability and future potential.
Declining Employment Figures
August 2025 marked a troubling point for New Jersey’s construction industry, with job losses persisting for three consecutive months. The loss of 7,000 jobs in this period has raised alarm regarding both current employment levels and long-term viability.
Factors Contributing to the Decline
A variety of factors are behind this downturn in employment within the construction sector. These include:
- Inflationary Costs: Increasing prices for materials and labor are making construction projects more expensive and often unviable.
- Regulatory and Permitting Delays: Lengthy approval processes are obstructing the timely start of new projects.
- Aging Workforce: The retirement of baby boomers has led to a shortage of skilled labor in the industry.
State-Level Initiatives and Responses
In response to these employment challenges, New Jersey is launching several initiatives aimed at revitalizing the construction sector:
- Apprenticeship Programs: The state is enhancing apprenticeship training programs to attract a new workforce to the construction field.
- Infrastructure Investments: New Jersey is committing to large-scale infrastructure projects in an effort to stimulate the economy and create new jobs.
Outlook for the Future
Despite the current decline in employment, there remains cautious optimism for the future of construction in New Jersey. The effectiveness of the state’s initiatives will be crucial in tackling these challenges and ensuring a brighter outlook for the industry moving forward.
Frequently Asked Questions (FAQ)
What is the current state of New Jersey’s construction employment?
New Jersey’s construction industry is experiencing a significant downturn, with employment declining for the third consecutive month.
What factors are contributing to the decline in construction employment?
Several factors are contributing to the downturn in construction employment, including inflationary costs, regulatory and permitting delays, and an aging workforce.
What initiatives is New Jersey implementing to address these challenges?
New Jersey is promoting apprenticeship programs to attract a new generation to the construction industry and investing in large-scale infrastructure projects to stimulate the economy and create jobs.
What is the outlook for New Jersey’s construction industry?
Despite the current downturn, there is cautious optimism about the future of New Jersey’s construction industry. The state’s proactive measures aim to address the challenges and revitalize the sector.
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Author: NEW JERSEY STAFF WRITER
The NEW JERSEY STAFF WRITER represents the experienced team at constructionnjnews.com, your go-to source for actionable local news and information in New Jersey and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New Jersey Build Expo, major infrastructure projects, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated Builders and Contractors of New Jersey and the New Jersey Builders Association, plus leading businesses in construction and legal services that power the local economy such as CMiC Global and Gibbons P.C. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructiontxnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
