Business Report: Supreme Court again upholds Affordable Care Act

The nation's highest court dismissed a lawsuit opposing the health law, keeping health insurance coverage in place for millions of Americans

The Affordable Care Act has survived its third Supreme Court challenge. The nation’s highest court dismissed a lawsuit opposing the health law, keeping health insurance coverage in place for millions of Americans. The justices, by a 7-to-2 vote, left the entire law intact when they ruled that Texas and other Republican-led states failed to show they were harmed by the Affordable Care Act.

New jobs are slowly coming back to New Jersey. The state labor department says 13,600 jobs were added to the economy in May. It’s the fifth straight month of job gains, but the state’s unemployment rate remains above the national average at  7.2%.

New jobs are welcome news in South Jersey, where a Stockton University report reveals the extent of the pandemic’s economic damage. The Atlantic City metro area had the third-largest employment decline in the nation last year — a drop of nearly 16% as tourism jobs evaporated. But Oliver Cooke, an associate professor of economics at Stockton, says things are improving.

Atlantic City’s casinos reported higher profits and revenue in May, according to new numbers from the Division of Gaming Enforcement. Eric Ramsey, an analyst with PlayNJ says the gains came from slots and table games as well as internet gaming.

One big Atlantic City event, cancelled last year due to the pandemic, is coming back. Officials announced Thursday the Atlantic City Air Show will be held in August.

WATCH: Business Report: Federal Reserve raises outlook for U.S. economy, jobs

MORE: Business Report: Lawmakers propose giving residents $500 ‘back to work’ payment

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