Overall unemployment rate moved down to 5.8% with the biggest shift in Government, which gained 1,700 roles, based on the most recently available information published in April 2023.
Total employment in the Atlantic City-Hammonton, NJ market rose by 1,538 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 5.8%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Atlantic City-Hammonton, NJ unemployment rate is 191 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in February versus prior month by -1.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Restaurants & Hotels: 34,500; -600
- Education & Healthcare: 22,000; -100
- Government: 21,500; +1,700
- Transportation & Utilities: 21,300; no change
- Business Services: 12,600; +100
- Construction, Mining: 5,700; +300
- Other Jobs: 4,500; no change
- 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 February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.