Business Report: Unemployment in NJ, COVID-19 relief bill, Amazon expansion

The COVID-19 relief bill working its way through Congress would keep paying out benefits through the end of August, at $400 a week

New Jersey’s unemployment situation continues to improve. The number of workers filing new unemployment claims with the state fell again in the latest week, dropping to the lowest weekly total in nearly a year. Meantime, the clock is ticking toward the mid-March expiration of expanded federal unemployment benefits. But the COVID-19 relief bill working its way through Congress would keep paying out benefits through the end of August, at $400 a week.

Winter weather isn’t putting a damper on home sales in New Jersey. According to New Jersey Realtors, closed sales were up 17% last month compared to a year ago. The number of available homes for sale has dropped significantly compared to last year, which has led to higher prices. The median sales price for all properties was $370,000 last month, a nearly 20% increase over the prices we saw a year ago.

Amazon has announced more details of its expansion plans in New Jersey. Later this year, it will open five new delivery sites in central Jersey. Earlier this week it opened a new delivery station in Linden.

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