Private Sector Employment, New Jersey

Transcription

1 Data for Decision Making Series October 2017 Private Sector Employment, New Jersey Hiring Needs by Sectors The sectors that experienced the most hiring in the 3rd quarter 2016 were professional and business services (165,205), trade, transportation and utilities (148,931) and leisure and hospitality (123,942). Total Jobs and New Hires in New Jersey, by Sector Profesional and Businness Services Average Employment vs. Hiring New Jersey 3rd Qtr , , ,942 96, ,219 38, ,982 27, ,803 26, ,360 24,077 77,386 9, , , , ,078 Employment Hiring - 200, , , ,000 1,000,000 Source: U.S. Census Bureau, Center for Economic Studies, LEHD, Employment and hiring over the 3rd Quarter Total Jobs by Sector, New Jersey 3rd Qtr & 3rd Qtr New Jersey private sector employment totaled 2,967,511 in the 3rd quarter Professional and business services added the most jobs between the 3rd quarters, 2011 and 2016 (+54,421). Professional and Business Services 100, , , ,706 69,231 69, , , , , , , , , , , Qtr Qtr. Source: U.S. Census Bureau, Center for Economic Studies, LEHD, 3rd Quarter 2011 and 3rd Quarter 2016 employment. 734, , , , , ,000 How to Use This Guide This guide gives workforce and education policymakers key information about local industries to enable informed decision making. New hires Estimated number of workers that started a job that lasted at least one full quarter with a given employer. This number includes new hires for new and replacement jobs. This is important to consider, because despite negative overall growth in many industries, there are still many job opportunities available in some industries due to turnover. Total number of jobs Estimate of stable jobs, i.e., the number of jobs that are held on both the first and last day of the quarter with the same employer. This helps you to understand which private sector industries dominate your local economy and provide the largest numbers of jobs both full and part time, overall. Source: U.S. Census Bureau s Local Employment Dynamics program. This Federal and State partnership integrates existing data from statesupplied administrative records on workers and employers with existing censuses, surveys, and other administrative records.

2 Data for Decision Making Series October 2017 Education Requirements by Key Industry Cluster, New Jersey, Utilities Advanced Leisure, Hospitality & Retail Trade Financial Services Technology Transportation, Logistics, Distribution Health Care Life Science What industries are expected to have employment growth? New Jersey is projected to add 275,300 jobs from 2014 to 2024, an increase of 6.5 percent. Health care and social assistance is expected to be the state s job growth leader with an anticipated gain of 94,800 jobs or 17.0 percent over the 10-year period % 20% 40% 60% 80% 100% High School/Vocational Training Associate's Degree Bachelor's Degree Graduate or Professional Degree Source: Labor Insight (Burning Glass Technologies) New Jersey Projected Employment Change Change Percent Industry Title (two digit NAICS) Jobs Jobs Number Total Annual Total All Industries 4,2 14,10 0 4,4 8 9, , Health Care and Social Assistance 557, ,900 94, Professional, Scientific, and Technical Services 290, ,300 39, Admin/Support/Waste Mgmt/Remediation Svcs 267, ,550 32, Retail Trade 455, ,300 26, Accommodation and Food Services 297, ,750 26, , ,900 21, Transportation and Warehousing 155, ,300 17, Arts, Entertainment, and Recreation 59,200 71,450 12, Wholesale Trade 214, ,700 12, Educational Services 420, ,650 10, Management of Companies and Enterprises 79,700 89,400 9, (except Government) 167, ,750 7, Real Estate and Rental and Leasing 54,500 57,600 3, Utilities 13,700 14, Natural Resources and Mining 1,400 1, Finance and Insurance 192, ,350-4, ,100 66,300-8, Government 285, ,350-20, , ,400-21, Note: Total nonfarm employment excludes self-employed and unpaid workers. Percent Changes are based on unrouded data-source: New Jersey Department of Labor and Workforce Development Minimum Educational requirements for all jobs based on statewide-level data, this chart gives an indication of the level of education employers are requiring for potential job openings in the industry. This can be a useful tool for deciding which industries to target if your goal is to assist workers who have a particular level of education. Source: Burning Glass Technologies Inc. which aggregates occupational and industry data from online employer job listings. Industry Employment Projections for all nonfarm jobs The projections are valuable data for identifying the potential future employment growth or decline of industries within your county. Employment refers to jobs, both full and parttime, not the number of employed persons. Source: NJLWD, Industry and Occupational Employment Projections The industry employment projections use the nonfarm wage salary employment definition of employment. The primary data input is an employment time series, by industry, which goes back to 1990.

3 Data for Decision Making Series October 2017 Private Sector Employment, Northern Region (Bergen, Essex, Hudson, Hunterdon, Morris, Passaic, Somerset, Sussex, Union, Warren counties) Hiring Needs by Sector The sectors that experienced the most hiring in the 3rd quarter 2016 were professional and business services (77,754) trade, transportation and utilities (73,230), and leisure and hospitality (52,109). Total Jobs and New Hires in the Northern Region, by Sector Profesional and Businness Services Average Employment vs. Hiring Northern Region 3rd Qtr ,754 73,230 52, ,634 48,932 77,397 18,701 73,615 14, ,971 13, ,229 13,296 44,550 5, , ,368 Source: U.S. Census Bureau, Center for Economic Studies, LEHD, Employment and hiring over the 3rd Quarter Total Jobs by Industry, Northern Region 3rd Qtr & 3rd Qtr The Northern Region s private sector employment totaled 1,597,127 in the 3rd quarter Professional and business services added the most jobs between the 3rd quarters, 2011 and 2016 (+21,241). Professional and Business Services Source: U.S. Census Bureau, Center for Economic Studies, LEHD, 3rd Quarter 2011 and 3rd Quarter 2016 employment. 464,849 Employment Hiring - 100, , , , ,000 51,059 67,072 41,661 40, , , , , , ,499 57,015 63, , , Qtr Qtr. 298, , , , , , , ,000 How to Use This Guide This guide gives workforce and education policymakers key information about local industries to enable informed decision making. New hires Estimated number of workers that started a job that lasted at least one full quarter with a given employer. This number includes new hires for new and replacement jobs. This is important to consider, because despite negative overall growth in many industries, there are still many job opportunities available in some industries due to turnover. Total number of jobs Estimate of stable jobs, i.e., the number of jobs that are held on both the first and last day of the quarter with the same employer. This helps you to understand which private sector industries dominate your local economy and provide the largest numbers of jobs both full and part time, overall. Source: U.S. Census Bureau s Local Employment Dynamics program. This Federal and State partnership integrates existing data from statesupplied administrative records on workers and employers with existing censuses, surveys, and other administrative records.

4 Data for Decision Making Series October 2017 Education Requirements by Key Industry Cluster, Northern Region, Utilities Advanced Leisure, Hospitality & Retail Trade Financial Services Technology Transportation, Logistics, Distribution Health Care Life Science Minimum Educational requirements for all jobs based on statewide-level data, this chart gives an indication of the level of education employers are requiring for potential job openings in the industry. This can be a useful tool for deciding which industries to target if your goal is to assist workers who have a particular level of education. 0% 20% 40% 60% 80% 100% High School/Vocational Training Associate's Degree Bachelor's Degree Graduate or Professional Degree Source: Labor Insight (Burning Glass Technologies) What industries are expected to have employment growth? Northern Region Projected Employment Change Change Percent Industry Title (two digit NAICS) Jobs Jobs Number Total Annual Total All Industries 2,093,650 2,227, , Health Care and Social Assistance 287, ,700 48, Accommodation and Food Services 132, ,050 12, Professional, Scientific, and Technical Services 161, ,950 16, ,350 80,450 10, Retail Trade 228, ,450 14, Admin/Support/Waste Mgmt/Remediation Svcs 140, ,000 17, Arts, Entertainment, and Recreation 27,700 33,900 6, Wholesale Trade 126, ,650 7, Real Estate and Rental and Leasing 30,700 32,600 1, Utilities 5,650 6, Transportation and Warehousing 93, ,100 12, Management of Companies and Enterprises 54,850 60,700 5, Natural Resources and Mining ,850 37,400-6, (except Government) 90,350 91,900 1, , ,700-12, Finance and Insurance 117, ,800-3, Government 130, ,750-7, Educational Services 212, ,800 8, Note: Total nonfarm employment excludes self- employed and unpaid workers. Percent Changes are based on unrouded data- Source: New Jersey Department of Labor and Workforce Development. The Northern Region is projected to add 133,950 jobs from 2014 to 2024, an increase of 6.2 percent. In comparison, employment statewide is expected to increase by 6.5 percent. Health care and social assistance is expected to be the region s job growth leader with an anticipated increase of 48,350 jobs or 15.2 percent. Source: Burning Glass Technologies Inc. which aggregates occupational and industry data from online employer job listings. Industry Employment Projections for all nonfarm jobs The projections are valuable data for identifying the potential future employment growth or decline of industries within your county. Employment refers to jobs, both full and parttime, not the number of employed persons. Source: NJLWD, Industry and Occupational Employment Projections The industry employment projections use the nonfarm wage salary employment definition of employment. The primary data input is an employment time series, by industry, which goes back to 1990.

5 Data for Decision Making Series October 2017 Private Sector Employment, Central Region (Mercer, Middlesex, Monmouth, Ocean counties) Hiring Needs by Sector The sectors that experienced the most hiring in the 3rd quarter 2016 were professional and business services (54,040), trade, transportation and utilities (44,797) and leisure and hospitality (36,755). Total Jobs and New Hires in the Central Region, by Sector Profesional and Businness Services Average Employment vs. Hiring Central Region 3rd Qtr ,040 44,797 36,755 28,844 45,026 10,802 38,066 7,882 59,674 6,388 55,683 5,769 24,231 3, , , ,671 Source: U.S. Census Bureau, Center for Economic Studies, LEHD, Employment and hiring during the 3rd Quarter ,360 Employment Hiring - 50, , , , ,000 Total Jobs by Sector, Central Region 3rd Qtr & 3rd Qtr The Central Region s private sector employment totaled 803,660 in the 3rd quarter Professional and business services added the most jobs between the 3rd quarters, 2011 and 2016 (+22,400). Professional and Business Services 27,481 38,686 51,288 51,334 22,483 20,675 47,178 54,925 64,871 79,376 30,816 33, , , Qtr Qtr. 140, , , ,236-50, , , , ,000 How to Use This Guide This guide gives workforce and education policymakers key information about local industries to enable informed decision making. New hires Estimated number of workers that started a job that lasted at least one full quarter with a given employer. This number includes new hires for new and replacement jobs. This is important to consider, because despite negative overall growth in many industries, there are still many job opportunities available in some industries due to turnover. Total number of jobs Estimate of stable jobs, i.e., the number of jobs that are held on both the first and last day of the quarter with the same employer. This helps you to understand which private sector industries dominate your local economy and provide the largest numbers of jobs both full and part time, overall. Source: U.S. Census Bureau s Local Employment Dynamics program. This Federal and State partnership integrates existing data from statesupplied administrative records on workers and employers with existing censuses, surveys, and other administrative records. Source: U.S. Census Bureau, Center for Economic Studies, LEHD, 3rd Quarter 2011 and 3rd Quarter 2016 employment.

6 Data for Decision Making Series October 2017 Education Requirements by Key Industry Cluster, Central Region, Utilities Advanced Leisure, Hospitality & Retail Trade Financial Services Technology Transportation, Logistics, Distribution Health Care Life Science What industries are expected to have employment growth? The Central Region is projected to add 88,800 jobs from 2014 to 2024, an increase of 4.7 percent. In comparison, employment statewide is expected to increase by 6.5 percent. Health care and social assistance is expected to be the region s job growth leader with an anticipated increase of 31,500 jobs or 11.9 percent % 20% 40% 60% 80% 100% High School/Vocational Training Associate's Degree Bachelor's Degree Graduate or Professional Degree Source: Labor Insight (Burning Glass Technologies) Central Region Projected Employment Change Change Percent Industry Title (two digit NAICS) Jobs Jobs Number Total Annual Total All Industries 1,099,350 1,188,150 88, Health Care and Social Assistance 153, ,500 31, Accommodation and Food Services 73,950 82,650 8, Professional, Scientific, and Technical Services 91, ,050 20, ,400 45,750 5, Retail Trade 128, ,700 4, Admin/Support/Waste Mgmt/Remediation Svcs 74,400 83,400 9, Arts, Entertainment, and Recreation 20,100 24,200 4, Wholesale Trade 52,450 54,900 2, Real Estate and Rental and Leasing 13,800 14, Utilities 3,950 4, Transportation and Warehousing 38,550 40,850 2, Management of Companies and Enterprises 15,750 17,200 1, Natural Resources and Mining ,450 21,500-1, (except Government) 47,200 53,950 6, ,150 45,350-5, Finance and Insurance 47,100 47, Government 98,700 89,200-9, Educational Services 126, ,150 7, Note: Total nonfarm employment excludes self- employed and unpaid workers. Percent Changes are based on unrouded data- Source: New Jersey Department of Labor and Workforce Development Minimum Educational requirements for all jobs based on statewide-level data, this chart gives an indication of the level of education employers are requiring for potential job openings in the industry. This can be a useful tool for deciding which industries to target if your goal is to assist workers who have a particular level of education. Source: Burning Glass Technologies Inc. which aggregates occupational and industry data from online employer job listings. Industry Employment Projections for all nonfarm jobs The projections are valuable data for identifying the potential future employment growth or decline of industries within your county. Employment refers to jobs, both full and parttime, not the number of employed persons. Source: NJLWD, Industry and Occupational Employment Projections The industry employment projections use the nonfarm wage salary employment definition of employment. The primary data input is an employment time series, by industry, which goes back to 1990.

7 Data for Decision Making Series October 2017 Private Sector Employment, Southern Region (Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Salem counties) Hiring Needs by Sector The sectors that experienced the most hiring in the 3rd quarter 2016 were leisure and hospitality (35,074), professional and business services (33,415), and trade, transportation and utilities (30,898). Total Jobs and New Hires in the Central Region, by Sector Profesional and Businness Services Average Employment vs. Hiring Southern Region 3rd Qtr ,074 33,415 30,898 18,656 34,796 9,169 53,149 6,547 24,300 4,856 37,459 4,394 8, , , ,638-40,000 80, , ,000 Source: U.S. Census Bureau, Center for Economic Studies, LEHD, Employment and hiring during the 3rd Quarter ,783 Employment Hiring Total Jobs by Industry, Southern Region 3rd Qtr & 3rd Qtr The Southern Region s private sector employment totaled 566,634 in the 3rd quarter Professional and business services added the most jobs between the 3rd quarters, 2011 and 2016 (+10,782). Professional and Business Services 5,088 7,800 22,438 29,508 49,594 48,783 19,812 20,848 32,536 34, , , Qtr. 72,942 83, Qtr. 104, ,800 78,563 85,233-40,000 80, , ,000 How to Use This Guide This guide gives workforce and education policymakers key information about local industries to enable informed decision making. New hires Estimated number of workers that started a job that lasted at least one full quarter with a given employer. This number includes new hires for new and replacement jobs. This is important to consider, because despite negative overall growth in many industries, there are still many job opportunities available in some industries due to turnover. Total number of jobs Estimate of stable jobs, i.e., the number of jobs that are held on both the first and last day of the quarter with the same employer. This helps you to understand which private sector industries dominate your local economy and provide the largest numbers of jobs both full and part time, overall. Source: U.S. Census Bureau s Local Employment Dynamics program. This Federal and State partnership integrates existing data from statesupplied administrative records on workers and employers with existing censuses, surveys, and other administrative records. Source: U.S. Census Bureau, Center for Economic Studies, LEHD, 3rd Quarter 2011 and 3rd Quarter 2016 employment.

8 Data for Decision Making Series October 2017 Education Requirements by key Industry Cluster, Southern Region, Utilities Advanced Leisure, Hospitality & Retail Trade Financial Services Technology Transportation, Logistics, Distribution Health Care Life Science What industries are expected to have employment growth? The Southern Region is projected to add 36,500 jobs from 2014 to 2024, an increase of 4.2 percent. In comparison, employment statewide is expected to increase by 6.5 percent. Health care and social assistance is expected to be the region s job growth leader with an anticipated increase of 14,100 jobs or 11.7 percent % 20% 40% 60% 80% 100% High School/Vocational Training Associate's Degree Bachelor's Degree Graduate or Professional Degree Source: Labor Insight (Burning Glass Technologies) Southern Region Projected Employment Change Change Percent Industry Title (two digit NAICS) Jobs Jobs Number Total Annual Total All Industries 774, ,200 36, Health Care and Social Assistance 116, ,100 14, Accommodation and Food Services 91,550 96,000 4, Professional, Scientific, and Technical Services 37,200 40,200 3, ,800 36,700 5, Retail Trade 98, ,250 7, Admin/Support/Waste Mgmt/Remediation Svcs 52,800 59,100 6, Arts, Entertainment, and Recreation 11,350 13,200 1, Wholesale Trade 35,750 38,150 2, Real Estate and Rental and Leasing 9,900 10, Utilities 4,150 4, Transportation and Warehousing 23,150 25,500 2, Management of Companies and Enterprises 9,100 11,400 2, Natural Resources and Mining ,850 7,350-1, (except Government) 30,300 29, ,750 44,400-3, Finance and Insurance 27,300 26, Government 56,950 53,350-3, Educational Services 81,800 76,700-5, Note: Total nonfarm employment excludes self- employed and unpaid workers. Percent Changes are based on unrouded data- Source: New Jersey Department of Labor and Workforce Development Minimum Educational requirements for all jobs based on statewide-level data, this chart gives an indication of the level of education employers are requiring for potential job openings in the industry. This can be a useful tool for deciding which industries to target if your goal is to assist workers who have a particular level of education. Source: Burning Glass Technologies Inc. which aggregates occupational and industry data from online employer job listings. Industry Employment Projections for all nonfarm jobs The projections are valuable data for identifying the potential future employment growth or decline of industries within your county. Employment refers to jobs, both full and parttime, not the number of employed persons. Source: NJLWD, Industry and Occupational Employment Projections The industry employment projections use the nonfarm wage salary employment definition of employment. The primary data input is an employment time series, by industry, which goes back to 1990.