Overall unemployment rate moved up to 4.0% with the biggest shift in Restaurants & Hotels, which lost 700 roles, based on the most recently available information published in January 2022.
Total employment in the Atlantic City-Hammonton, NJ market declined by 1,818 jobs in November and the unemployment rate increased compared to the prior month by 10 bps to 4.0%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Atlantic City-Hammonton, NJ unemployment rate is 64 bps above the national rate which is a negative sign.
- Unemployment in the market is 260 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 2.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Restaurants & Hotels: 42,300; -700
- Transportation & Utilities: 21,900; +500
- Government: 21,700; -100
- Education & Healthcare: 21,400; +200
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.