Overall unemployment rate moved down to 6.7% with the biggest shift in Restaurants & Hotels, which gained 2,300 roles, based on the most recently available information published in September 2021.
Total employment in the Ocean City, NJ market rose by 2,576 jobs in July and the unemployment rate decreased compared to the prior month by 80 bps to 6.7%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Ocean City, NJ unemployment rate is 104 bps above the national rate which is a negative sign.
- Unemployment in the market is 600 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 1.4% and are up 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 2.0% . Key sectors include:
- Restaurants & Hotels: 23,800; +2,300
- Transportation & Utilities: 9,900; -200
- Government: 8,200; -1,200
- Education & Healthcare: 4,600; no change
Employment Change by Key Sector
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.