Overall unemployment rate moved down to 5.0% with the biggest shift in Restaurants & Hotels, which gained 1,700 roles, based on the most recently available information published in June 2022.
Total employment in the Atlantic City-Hammonton, NJ market rose by 1,791 jobs in April and the unemployment rate decreased compared to the prior month by 100 bps to 5.0%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Atlantic City-Hammonton, NJ unemployment rate is 166 bps above the national rate which is a negative sign.
- Unemployment in the market is 540 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 6.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.2% . Key sectors include:
- Restaurants & Hotels: 40,300; +1,700
- Transportation & Utilities: 21,400; +200
- Government: 21,400; +200
- Education & Healthcare: 21,000; +100
- Business Services: 11,500; +200
- Construction, Mining: 5,800; +300
- Other Jobs: 4,500; +100
- Financial Services: 4,000; no change
- Manufacturing: 3,000; +100
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.