Atlantic County Update - August 24
August 24th, 2016 8:10 AM

A Stockton University report (released August 23, 2016) says that workers continue leaving Atlantic County to find jobs, part of a continuing trend as the region sheds casino jobs. In the county as a whole, total employment dropped by 350 jobs, or 0.3 percent, in the first half of 2016 from the same period last year, according to the latest edition of Stockton’s twice-yearly South Jersey Economic Review (SJER). The study also found that Atlantic City’s casinos now provide 20 percent fewer jobs than they did at the start of 2014. About 13,000 workers have moved out of the area since early 2013 as local jobs disappeared, “a 9.4 percent contraction” the report claims.


As of June 2016, Atlantic County had an official unemployment rate of 7.1 percent, the state’s second-highest, according to the New Jersey Department of Labor and Workforce Development. Atlantic was behind only neighboring Cumberland County that month, when the state’s overall unemployment rate was 5.3 percent.


For all your Residential and Commercial Real Estate Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce

Posted in:General
Posted by James M. Hanson on August 24th, 2016 8:10 AMPost a Comment

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