Overall unemployment rate stayed flat at 7.4% with the biggest shift in Government, which lost 1,200 roles, based on the most recently available information published in March 2022.
Total employment in the Atlantic City-Hammonton, NJ market rose by 4,072 jobs in January and the unemployment rate stayed flat. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Atlantic City-Hammonton, NJ unemployment rate is 297 bps above the national rate which is a negative sign.
- Unemployment in the market is 510 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January 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 declined by -2.9%. Key sectors include:
- Restaurants & Hotels: 35,800; -900
- Transportation & Utilities: 21,100; -600
- Education & Healthcare: 20,600; -300
- Government: 20,200; -1,200
- Business Services: 10,900; -400
- Construction, Mining: 5,300; -300
- 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 January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.