Overall unemployment rate moved down to 6.6% with the biggest shift in Restaurants & Hotels, which gained 1,300 roles, based on the most recently available information published in April 2022.
Total employment in the Atlantic City-Hammonton, NJ market rose by 1,699 jobs in February and the unemployment rate decreased compared to the prior month by 90 bps to 6.6%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Atlantic City-Hammonton, NJ unemployment rate is 246 bps above the national rate which is a negative sign.
- Unemployment in the market is 580 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 5.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.3% . Key sectors include:
- Restaurants & Hotels: 37,900; +1,300
- Government: 21,200; +1,000
- Transportation & Utilities: 21,100; +100
- Education & Healthcare: 20,900; +300
- Business Services: 10,800; no change
- Construction, Mining: 5,400; +200
- Other Jobs: 4,300; no change
- Financial Services: 4,000; no change
- Manufacturing: 2,900; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.