Overall unemployment rate moved down to 5.2% with the biggest shift in Restaurants & Hotels, which gained 4,400 roles, based on the most recently available information published in June 2022.

Total employment in the Ocean City, NJ market rose by 4,843 jobs in May and the unemployment rate decreased compared to the prior month by 170 bps to 5.2%. The national unemployment rate increased by 4 bps over the same time to 3.4%.

  • Ocean City, NJ unemployment rate is 182 bps above the national rate which is a negative sign.
  • Unemployment in the market is 320 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in May versus prior month by 8.1% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Ocean City, NJ Unemployment May 2022

For key employment segments of the market, total jobs grew by 18.5% . Key sectors include:

  • Restaurants & Hotels: 13,500; +4,400
  • Government: 7,900; +300
  • Transportation & Utilities: 7,800; +500
  • Education & Healthcare: 4,800; +100
Ocean City, NJ Unemployment by Industry May 2022

Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.