Overall unemployment rate moved down to 5.9% with the biggest shift in Restaurants & Hotels, which gained 600 roles, based on the most recently available information published in April 2022.
Total employment in the Atlantic City-Hammonton, NJ market rose by 1,405 jobs in March and the unemployment rate decreased compared to the prior month by 90 bps to 5.9%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Atlantic City-Hammonton, NJ unemployment rate is 215 bps above the national rate which is a negative sign.
- Unemployment in the market is 520 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 4.5% and are up 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: 37,500; +600
- Transportation & Utilities: 21,200; no change
- Government: 21,200; no change
- Education & Healthcare: 21,000; +100
- Business Services: 10,800; no change
- Construction, Mining: 5,900; +500
- Other Jobs: 4,400; +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 March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.