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New Jersey Department of Labor and Workforce Development
Division of Labor Market & Demographic Research
New Jersey’s Current Employment Situation
& Industry & Occupational Employment
Outlook
Prepared: August 2012
Officially the Recession spanned 18 months, December 2007 – June 2009
Longest Postwar Recession on record
7 million jobs lost nationwide
Unemployment levels not seen in over 30 years
The Great Recession
Jan-
08
Feb-
08
Mar
-08
Apr
-08
May
-08
Jun-
08
Jul-0
8
Aug
-08
Sep
-08
Oct
-08
Nov
-08
Dec
-08
Jan-
09
Feb-
09
Mar
-09
Apr
-09
May
-09
Jun-
09
Jul-0
9
Aug
-09
Sep
-09
Oct
-09
Nov
-09
Dec
-09
Jan-
10
Feb-
10
Mar
-10
Apr
-10
May
-10
Jun-
10
Jul-1
0
Aug
-10
Sep
-10
Oct
-10
Nov
-10
Dec
-10
Jan-
11
Feb-
11
Mar
-11
Apr
-11
May
-11
Jun-
11
Jul-1
1
Aug
-11
Sep
-11
Oct
-11
Nov
-11
Dec
-11
Jan-
12
Feb-
12
Mar
-12
Apr
-12
May
-12
-25,000
-15,000
-5,000
5,000
15,000
25,000
35,000
45,000
3,500,000
3,600,000
3,700,000
3,800,000
3,900,000
4,000,000
4,100,000
11,000
-2,900-1,800
-10,700-9,900
-5,900
-12,400-13,400
-8,400
-18,200
-20,400
-18,500
-16,500
-13,700
-21,700-21,500
2,400
-12,400
-10,500
-7,600
-1,500
-11,500
2,000
-200
-10,000
-7,900
3,800
12,700
8,800
-3,700
-10,500-11,100
-7,900
8,000
-1,400
500
-6,000
4,0002,000
6,200
-2,000
1,500
10,200
-1,200
3,2003,800
6,700
2,700
8,800
7,000
-3,700
3,200
14,400
9,900
New Jersey Total Nonfarm Employment vs. Monthly ChangeJanuary 2008 - June 2012
Monthly Employment Change Total Nonfarm Employment
Mo
nth
ly C
han
ge
To
tal
Em
plo
ymen
t
Jan 084,097,400
June 123,907,500
261,100 Total Recessionary Job Loss
Recessionary Low Point:
Sep 10 3,836,400
Recovery From Low Point: 77,800 (30%)
Jan-
08
Feb-
08
Mar
-08
Apr
-08
May
-08
Jun-
08
Jul-0
8
Aug
-08
Sep
-08
Oct
-08
Nov
-08
Dec
-08
Jan-
09
Feb-
09
Mar
-09
Apr
-09
May
-09
Jun-
09
Jul-0
9
Aug
-09
Sep
-09
Oct
-09
Nov
-09
Dec
-09
Jan-
10
Feb-
10
Mar
-10
Apr
-10
May
-10
Jun-
10
Jul-1
0
Aug
-10
Sep
-10
Oct
-10
Nov
-10
Dec
-10
Jan-
11
Feb-
11
Mar
-11
Apr
-11
May
-11
Jun-
11
Jul-1
1
Aug
-11
Sep
-11
Oct
-11
Nov
-11
Dec
-11
Jan-
12
Feb-
12
Mar
-12
Apr
-12
May
-12
-25,000
-15,000
-5,000
5,000
15,000
25,000
35,000
45,000
2,950,000
3,000,000
3,050,000
3,100,000
3,150,000
3,200,000
3,250,000
3,300,000
3,350,000
3,400,000
3,450,000
6,700
-1,000-300
-9,500
-12,900
-5,800
-9,600-9,900
-11,900
-14,700
-21,300
-18,100
-20,400
-15,600
-20,800-20,300
-1,600
-12,700-13,300
-5,100
-1,600
-6,100
100
-200
-7,800-7,300
6,400
15,800
-5,000
2,000
-4,200
2,2002,200
9,400
-2,100
2,900
-4,100
2,7003,100
5,800
-1,400
800
12,100
-3,600
4,2004,700
6,600
2,500
7,7007,400
-7,300
6,800
10,400
7,600
New Jersey Private Sector Employment vs. Monthly Change January 2008 - June 2012
Monthly Change Private Sector Employment
Mo
nth
ly C
han
ge
Pri
vate
Sec
tor
Em
plo
ymen
t
Jan. 083,445,800
Jun. 123,287,300
Recessionary Low Point:
Feb. 10 3,197,600
Recovery From Low Point: 89,700 (36%)
248,200 Prvt. Sect. Recessionary Job Loss
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12-10,000
-5,000
0
5,000
10,000
15,000
20,000
1,500
10,200
-1,200
3,2003,800
6,700
2,700
8,800
7,000
-3,700
3,200
14,400
9,900
Monthly Total Employment Change New Jersey: June 2011 - June 2012
Change Over the Year = +65,000 Jobs
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12-15,000
-10,000
-5,000
0
5,000
10,000
15,000
800
12,100
-3,600
4,2004,700
6,600
2,500
7,700 7,400
-7,300
6,800
10,400
7,600
Monthly Private Sector Employment ChangeJune 2011 - June 2012
Change Over the Year = +59,100 Jobs
-5,000 -3,000 -1,000 1,000 3,000 5,000 7,000
OTHER SERVICES, +1,100
INFORMATION, 0
LEISURE & HOSPITALITY, +6,100
MANUFACTURING, -2,400
CONSTRUCTION , -500
TRADE, TRANS. UTIL. , -2,500
PROF. AND BUSINESS SERVICES , +2,000
FINANCIAL ACTIVITIES , +1,200
EDUCATION & HEALTH SERVICES , +2,500
GOVERNMENT, +2,300
Monthly Employment Change: June 2012
Total Nonfarm June Change+9,900
-10,000 -5,000 0 5,000 10,000 15,000 20,000 25,000 30,000
FINANCIAL ACTIVITIES +700
MANUFACTURING -4,500
INFORMATION -8,100
LEISURE AND HOSPITALITY +20,900
OTHER SERVICES +9,300
CONSTRUCTION -3,800
EDUCATION & HEALTH SERVICES +28,200
TRADE, TRANSPORTATION, UTILITIES +5,600
PROFESSIONAL & BUSINESS SERVICES +10,600
New Jersey Private Sector Employment Change by IndustryJune 2011 - June 2012
Total Private Sector Change
Over the Year: +59,100 Jobs
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-127.5
8.0
8.5
9.0
9.5
10.0
Unemployment Rates, New Jersey vs. United States:June 2011 - June 2012
United States New Jersey
New JerseyJune 12
9.6%New JerseyJune 11
9.4%
United StatesJune 12
8.2%
United StatesJune 11
9.1%
Change Over the Year = +0.2 ppt
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-1263.0
63.5
64.0
64.5
65.0
65.5
66.0
66.5
67.0
65.8 65.8 65.865.9
66.0 66.0 66.065.9 65.9 65.9
66.066.1 66.1
64.164.0
64.1 64.1 64.164.0 64.0
63.7
63.963.8
63.6
63.8 63.8
Labor Force Participation Rates: New Jersey vs. United StatesJune 2011 - June 2012
New Jersey United States
New Jersey
United States
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12375,000
385,000
395,000
405,000
415,000
425,000
435,000
445,000
455,000
465,000
427,400429,500 429,500
427,300423,900
420,100
416,200
411,900414,000 412,700
417,200
423,300
441,700
Unemployed New Jersey Residents June 2011 - June 2012
Change Over the Year = +14,300 Per-sons
New Jersey Counties Unemployment Rates - June 2012
(Preliminary, Not Seasonally Adjusted)
Data Source: Local Area Unemployment Statistics (LAUS)Prepared by: New Jersey Department of Labor and Workforce Development Bureau of Labor Market Information July 2012
OCEAN10.5%
SUSSEX9.4%
BURLINGTON9.7%
MORRIS7.8%
ATLANTIC12.8%
SALEM11.2%
WARREN8%
MONMOUTH9.3%
HUNTERDON7.7%
UNION10.3%
CUMBERLAND14%
BERGEN8.9%
SOMERSET8.3%
MERCER8.8%
CAMDEN11.3%
GLOUCESTER10.9%
PASSAIC11.7%
CAPE MAY10.3%
ESSEX11.6%
MIDDLESEX9.5%
HUDSON11.4%
Unemployment Rates
7.7% - 8.3%
8.8% - 9.7%
10.3% - 10.9%
11.2% - 11.7%
12.8% - 14.0%
0 25 5012.5 Miles
²
New Jersey Counties Unemployed Residents - June 2012
(Preliminary, Not Seasonally Adjusted)
Data Source: Local Area Unemployment Statistics (LAUS)Prepared by: New Jersey Department of Labor and Workforce Development Bureau of Labor Market Information June 2012
OCEAN28,500
SUSSEX8,000
BURLINGTON23,800
MORRIS21,700
ATLANTIC18,500
SALEM3,500
WARREN4,800
MONMOUTH31,200
HUNTERDON5,600
UNION28,800
CUMBERLAND10,200
BERGEN43,200
SOMERSET15,100
MERCER18,400
CAMDEN30,600
GLOUCESTER17,500
PASSAIC29,000
CAPE MAY7,000
ESSEX43,400
MIDDLESEX42,400
HUDSON36,300
0 25 5012.5 Miles
Unemployed Residents
3,500 - 8,000
10,200 - 15,100
17,500 - 23,800
28,500 - 31,200
36,300 - 43,400
Key Industry Sectors
• Life Sciences (Biotechnology/Pharmaceutical) • Transportation/Logistics/Distribution • Finance Services• Advanced Manufacturing • Health Care• Entertainment, Arts, Retail, Leisure and
Hospitality
Key Industry Clusters account for two thirds of all employment & wages statewide
Industry Cluster Employment and Wages: 2010 Annual*
Total*
Industry Cluster Establishments Employment Wages Wages Employment WagesAdvanced Manufacturing 3,431 124,012 $95,925 $11,895,844,365 4.0% 6.8%Health Care 21,307 420,862 $50,772 $21,368,037,945 13.4% 12.2%Financial Services 12,570 185,471 $104,418 $19,366,470,513 5.9% 11.1%Technology 25,780 313,164 $100,074 $31,339,672,580 10.0% 17.9%Transportation, Logistics and Distribution 25,985 354,618 $64,914 $23,019,845,572 11.3% 13.2%Leisure, Hospitality and Retail 55,677 767,518 $26,709 $20,499,694,337 24.5% 11.7%Biopharmaceutical & Life Science 3,145 122,729 $114,765 $14,084,934,866 3.9% 8.1%All Cluster Industries 142,992 2,083,205 $56,909 $118,553,953,666 66.5% 67.9%
All Industries, NJ 261,483 3,133,821 $55,742 $174,686,813,420 100.0% 100.0%
Note: Industry Cluster componet industries are not mutually exclusive and do not include all New Jersey industry sectors. Therefore the sum of industy cluster annual averages will not equal statewide averages. Sum of industry cluster percentages of totals will not equal 100 percent.
Source: New Jersey Department of Labor & Workforce Development, Quarterly Census of Employment & Wages (QCEW) 2010 Annual Averages
Prepared by: NJLWD, Division of Labor Market & Demographic Research, Bureau of Labor Market Information, November 2011
Annual Averages* Percent of Total*
• Established to focus on the specific needs of key industries in the state in order to connect employers, job seekers, the state’s One Stop Career Centers and educational institutions to achieve the common goal of helping current job seekers develop relevant skills that lead to job opportunities, helping employers find qualified employees, and to ensure that New Jerseyans have access to training and educational opportunities that lead to the jobs of the future.
New Jersey
1939-1940
1942-1943
1945-1946
1948-1949
1951-1952
1954-1955
1957-1958
1960-1961
1963-1964
1966-1967
1969-1970
1972-1973
1975-1976
1978-1979
1981-1982
1984-1985
1987-1988
1990-1991
1993-1994
1996-1997
1999-2000
2002-2003
2005-2006
2008-2009
-200
-150
-100
-50
0
50
100
150
200
250
Em
plo
ym
en
t C
ha
ng
e (
Th
ou
sa
nd
s)
Annual Employment Change in New Jersey 1939-2011
1939
1943
1947
1951
1955
1959
1963
1967
1971
1975
1979
1983
1987
1991
1995
1999
2003
2007
2011
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Em
plo
ym
en
t (T
ho
us
an
ds
)
3,498,600
3,856,200
0.49% Annual Growth
Annual Employment 1939-2011
About 350,000 Jobs Over Last Twenty Years
Total Nonfarm0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.4
0.8USNJ
An
nu
al
Pe
rce
nt
Gro
wth
‘1
0-‘
20
Greater Projected Growth for the Nation than New Jersey
Small Increase Projected for Goods Producing Industries
Total Nonfarm Goods Producing0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.4
1.0
0.8
0.5
USNJ
An
nu
al
Pe
rce
nt
Gro
wth
‘1
0-‘
20
Slightly Larger Increase Projected for Service-Providing Industries
Total Nonfarm Goods Producing Service-Providing0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.4
1.0
1.5
0.8
0.5
0.8USNJ
An
nu
al
Pe
rce
nt
Gro
wth
‘1
0-‘
20
Total Nonfarm Goods Producing Service-Providing0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
317,100
19,900
297,300
Em
plo
ym
en
t G
row
th ‘
10
– ’
20
New Jersey’s Projected Growth
Total Nonfarm Goods Producing Service Providing0
5,000
10,000
15,000
20,000
25,000
19,741.2
1,791.3
17,950.0
Em
plo
ym
en
t G
row
th ‘
10
– ’
20
(T
-h
ou
sa
nd
s)
The Nation’s Projected Growth
Con
stru
ctio
n
M
anuf
actu
ring
Trad
e
Tran
spor
tatio
n an
d W
areh
ousi
ngU
tiliti
es
Info
rmat
ion
Fina
nce
and
Rea
l Est
ate
Profe
ssio
nal a
nd B
usin
ess
Servi
ces
Educa
tion
and
Hea
lth
Leis
ure
and
Hos
pita
lity
Oth
er S
ervi
ces
G
over
nmen
t
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
US NJ
An
nu
al
Pe
rce
nt
Gro
wth
Projected Growth by Major Industry Group
Goods Producing Industries
90
-91
91
-92
92
-93
93
-94
94
-95
95
-96
96
-97
97
-98
98
-99
99
-00
00
-01
01
-02
02
-03
03
-04
04
-05
05
-06
06
-07
07
-08
08
-09
09
-10
10
-11
-14.0
-12.0
-10.0
-8.0
-6.0
-4.0
-2.0
0.0
2.0
An
nu
al
Gro
wth
Ra
te (
%)
Construction Projected to Drive Goods Producing Industries Upward
Goods Producing Manufacturing Construction-30,000
-20,000
-10,000
0
10,000
20,000
30,000
40,000
50,000
19,900
-17,400
36,700
Em
plo
ym
en
t C
ha
ng
e ‘
10
-‘2
0
Series1
-20,000
-18,000
-16,000
-14,000
-12,000
-10,000
-8,000
-6,000
-4,000
-2,000
0
-3,800
-1,500
-1,400
-1,300
-1,300
Computer and Elec-tronic Products
Chemical Manufactur-ing
Paper Manufacturing
Printing and Related Support
ManufacturingEm
plo
ym
en
t C
han
ge ‘
10
-‘2
0
-9,300
-17,400
MANUFACTURING
These Industries Account for Over Half the Projected Decline in Manufacturing
Service Providing Industries
90
-91
91
-92
92
-93
93
-94
94
-95
95
-96
96
-97
97
-98
98
-99
99
-00
00
-01
01
-02
02
-03
03
-04
04
-05
05
-06
06
-07
07
-08
08
-09
09
-10
10
-11
-4.0
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
An
nu
al
Gro
wth
Ra
te (
%)
2010 Employment and Projected Growth By Industry Sector
Other Services
Finance and Real Estate
Leisure and Hospitality
Professional and Business Services
Education and Health
Trade, Transportation & Warehousing
0 250,000 500,000 750,000 1,000,000
2010 Employment Projected Growth
Professional and Business Services
Education and Health
Trade, Transporta-tion & Warehousing
Leisure and Hospi-tality
0
25,000
50,000
75,000
100,00090,800
85,600
69,200
50,500
Em
plo
ym
en
t C
ha
ng
e ‘
10
-‘2
0Industry Sectors with the Largest Projected Employment Growth
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
0
100
200
300
400
500
600
Actual Projected
2.6%Per Year
1.4%Per Year
Healthcare will Continue to Grow, But at a Slower Rate
• 7.7% Employment Growth, 2010-2020
• 320,300 Additional Employment
• 132,940 Average Annual Job Openings
• Roughly ¾ of these Openings are due to Replacement Demand.
Occupational Highlights
Mg
mt.,
Bu
s., F
in.
Pro
fess
ion
al
Se
rvic
e
Sa
les
Offi
ce /
Ad
min
.
Co
nst
ruct
ion
Inst
all,
Ma
int,
Re
pa
ir
Pro
du
ctio
n
Tra
ns.
/ M
at.
Mo
vin
g
-20,000
0
20,000
40,000
60,000
80,000
100,000
38,900
76,200
85,500
34,50027,000 24,000
11,200
-4,400
27,200
Em
plo
ym
en
t C
ha
ng
e ‘
10
- ‘2
0Professional and Service Occupations
will Dominate Job Growth
Production
Install, Maint, Repair
Construction
Trans. / Mat. Moving
Mgmt., Bus., Fin.
Sales
Office / Admin.
Professional
Service
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000
Growth Replacement
30,170
14,120
17,290
19,500
27,900
10,190
5,260
4,490
3,940
Replacement Demand Will Create Opportunities In All Major Occupational
Groups
Cashiers
Landscaping and Groundskeeping Workers
Office Clerks, General
Receptionists and Information Clerks
Nursing Aides, Orderlies, and Attendants
Registered Nurses
Retail Salespersons
Home Health Aides
0 5,000 10,000 15,000 20,000
6,500
6,900
7,300
7,400
7,800
9,000
13,300
13,400
Em
plo
ym
en
t C
ha
ng
e ‘
10
- ‘2
0
Home Health Aids Lead the Way in Greatest Projected Change in Employment By 2020
Occupations Projected to Decline in Employment by 2020
-3,500
-3,000
-2,500
-2,000
-1,500
-1,000
-500
0
-3,000
-2,300
-1,900 -1,800
-1,300E
mp
loym
en
t C
han
ge ‘
10-
‘20
13940015% 56100
6%
372004%
680007%
384004%311700
33%
654007%
21650023%
Computer and Math
Architecture and Engineering
Life, Physical, and Social Sciences
Community and Social Services
Legal
Education, Training, and Library
Arts, Design, Enter-tainment, Sports, and Media
Health Care Practi-tioner
Professional Occupations Consist of Many Different Groups
Service Occupations Consist of Five Groups
Total Low Re-quirements
Total Moderate Requirements
Total High Requirements
0.0% 5.0% 10.0% 15.0%
7.2%
10.6%
8.5%
Jobs with Moderate Requirements for Entry Will Lead the Way
Less than high school
High school diploma or equivalent
Postsecondary non-degree award
Some college, no degree
Associate's degree
Bachelor's degree
Master's degree
Doctoral or professional degree
0.0% 5.0% 10.0% 15.0%
9.5%
5.9%
10.9%
7.9%
8.9%
8.3%
6.4%
10.0%
Percent Growth 2010-2020
Most in Demand Majors Over the Past Year
New Jersey Job Postings Over the Past Year
Companies With the Most Job Postings Over the Past Year
Contact Information:Chet ChinskyDirectorDivision of Labor Market & Demographic
Researchcchinsky@dol.state.nj.us609-984-2593
Questions
Contact Information:Frank FerdettaBureau ChiefDivision of Labor Market & Demographic
ResearchFrank.Ferdetta@dol.state.nj.us609-292-7376