Overall unemployment rate moved down to 4.1% with the biggest shift in Restaurants & Hotels, which gained 1,000 roles, based on the most recently available information published in June 2023.
Total employment in the Atlantic City-Hammonton, NJ market rose by 1,081 jobs in April and the unemployment rate decreased compared to the prior month by 110 bps to 4.1%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Atlantic City-Hammonton, NJ unemployment rate is 100 bps above the national rate which is a negative sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -1.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Restaurants & Hotels: 36,500; +1,000
- Education & Healthcare: 22,300; +200
- Government: 21,500; +200
- Transportation & Utilities: 21,200; -200
- Business Services: 13,000; +400
- Construction, Mining: 6,100; +300
- Other Jobs: 4,600; +100
- Financial Services: 4,000; no change
- Manufacturing: 2,500; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.