Overall unemployment rate moved down to 10.1% with the biggest shift in Restaurants & Hotels, which gained 2,600 roles, based on the most recently available information published in June 2021.
Total employment in the Atlantic City-Hammonton, NJ market rose by 1,706 jobs in May and the unemployment rate decreased compared to the prior month by 70 bps to 10.1%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Atlantic City-Hammonton, NJ unemployment rate is 460 bps above the national rate which is a negative sign.
- Unemployment in the market is 2,590 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -5.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.6% . Key sectors include:
- Restaurants & Hotels: 34,000; +2,600
- Government: 20,000; -300
- Education & Healthcare: 19,700; no change
- Transportation & Utilities: 19,100; +200
- Business Services: 11,000; +100
- Construction, Mining: 5,200; +400
- Other Jobs: 4,900; +100
- Financial Services: 4,000; no change
- Manufacturing: 2,400; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.