Overall unemployment rate moved down to 5.2% with the biggest shift in Restaurants & Hotels, which gained 500 roles, based on the most recently available information published in May 2023.
Total employment in the Atlantic City-Hammonton, NJ market rose by 511 jobs in March and the unemployment rate decreased compared to the prior month by 60 bps to 5.2%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Atlantic City-Hammonton, NJ unemployment rate is 158 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) grew in March versus prior month by 0.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Restaurants & Hotels: 35,200; +500
- Education & Healthcare: 22,100; no change
- Transportation & Utilities: 21,400; no change
- Government: 21,200; -100
- Business Services: 12,700; no change
- Construction, Mining: 5,800; +100
- Other Jobs: 4,400; -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 March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.