January 24, 2024

NJ unemployment rate up? But job growth is strong? Making sense of 2024 New Jersey economy

Employers that are expanding say they have taken advantage of the region’s diverse economy. Christian Giordano, president and co-owner of Mancini Duffy, a New York-based architecture firm with offices in Red Bank and Millburn, once focused on financial services offices, only to get hit hard when the industry went into a tailspin during the Great Recession in 2008.

His firm now works with a wide range of industries, including restaurants, retail, aviation and warehouses. The company was awarded a contract to design the first phase of Netflix’s production studio at Fort Monmouth. And Giordano is hiring four people to add to his New Jersey staff of 35 employees.
“I don’t know if we’re an anomaly, but we have two offices in New Jersey, one in Millburn and one in Red Bank, and both those offices are booming,” Giordano said.


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