Overall unemployment rate moved up to 13.1% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in April 2021.
Total employment in the Ocean City, NJ market rose by 117 jobs in February and the unemployment rate increased compared to the prior month by 20 bps to 13.1%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Ocean City, NJ unemployment rate is 655 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 6.1% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Government: 8,400; +100
- Transportation & Utilities: 8,200; +100
- Restaurants & Hotels: 8,100; +200
- Education & Healthcare: 4,500; no change
Employment Change by Key Sector
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.