Overall unemployment rate moved down to 7.4% with the biggest shift in Transportation & Utilities, which gained 400 roles, based on the most recently available information published in February 2022.
Total employment in the Atlantic City-Hammonton, NJ market rose by 862 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 7.4%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Atlantic City-Hammonton, NJ unemployment rate is 371 bps above the national rate which is a negative sign.
- Unemployment in the market is 390 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 4.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Restaurants & Hotels: 36,100; +100
- Government: 21,100; +200
- Education & Healthcare: 20,300; +100
- Transportation & Utilities: 19,900; +400
- Business Services: 11,800; -400
- Construction, Mining: 5,800; +100
- Other Jobs: 4,900; no change
- Financial Services: 4,000; no change
- Manufacturing: 2,600; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.