Beruflich Dokumente
Kultur Dokumente
December 2005
Preface
Acknowledgements
Employment ............................................................................................ 5
Wages ...................................................................................................... 7
Population ...............................................................................................10
Monmouth
Mercer Total Private Sector
Employment (2004): 118,500
Percent of New Jersey Total: 3.6%
Ocean Change from 1999: +14,800
∑ Since 2000, education and health services and trade, transportation and utilities em-
ployment were some of the sectors in Ocean County that continually outpaced the state.
With the county leading the state in single-family residential building permits, employ-
ment in these service industries grew to meet the increasing population demands.
∑ Except for 2003, employment in the county’s professional and business service sector
grew at a faster rate than that of the state since 1999. This sector covers a broad
range of businesses from providers of legal, accounting, computer and engineering ser-
vices to janitorial, security and temporary help services.
Note: Use of an index facilitates comparison between two separate data elements.
Ocean County and New Jersey Ocean County and New Jersey
Total Private Sector Employment: 1999-2004 Construction Employment: 1999-2004
116 140
114
112 130
110
120
108
106
110
104
102 100
100
(1999=100) (1999=100)
98 90
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
Ocean County and New Jersey Ocean County and New Jersey
Manufacturing Employment: 1999-2004 Trade, Transportation & Utilities Employment: 1999-2004
105 112
110
100
108
95 106
90 104
102
85
100
(1999=100) (1999=100)
80 98
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
Ocean County and New Jersey Ocean County and New Jersey
Information Employment: 1999-2004 Financial Activities Employment: 1999-2004
120 130
125
110
120
100 115
90 110
105
80
100
(1999=100) (1999=100)
70 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
Ocean County and New Jersey Ocean County and New Jersey
Professional & Business Services Employment: 1999-2004 Education & Health Services Employment: 1999-2004
125 125
120 120
115 115
110 110
105 105
100 100
(1999=100) (1999=100)
95 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
Ocean County and New Jersey Ocean County and New Jersey
Leisure & Hospitality Employment: 1999-2004 Other Services Employment: 1999-2004
112 135
110
125
108
106
115
104
102
105
100
(1999=100) (1999=100)
98 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
120,000
B
B
115,000
B
110,000 B
B
105,000
B
100,000
95,000
1999 2000 2001 2002 2003 2004
∑ Ocean County’s growing and older population continued to attract new service-pro-
viding businesses. Private-sector nonagricultural employment in Ocean County in-
creased by 14,800 from 1999 to reach 118,500 jobs in 2004.
Ocean County
Total Private Sector Employment by Industry: 1999 & 2004
Construction
Manufacturing
Trade/Transp./Utilities
Information
Financial Activities
Prof./Business Services
Educ./Health Services
Leisure/Hospitality
Other Services
2004 1999
∑ Due to the great presence of retail establishments in the county, trade, transpor-
tation and utilities employment was the largest sector (33,700) in 2004 followed
by education and health services (28,500) and leisure and hospitality (16,900). The
information sector (1,400) was the smallest.
4,000
3,000
2,000
1,000
-1,000
Construction Manufact- Trade/ Information Financial Prof./ Education/ Leisure/ Other
uring Transport./ Activities Business Health Hospitality Services
Utilities Services Services
∑ The county’s service-providing sector accounted for the majority of the increase in
jobs from 1999 to 2004 with education and health services (+5,000) and trade, trans-
portation and utilities (+2,700) leading the way. Information decreased the most
(-450).
Source: Local Employment Dynamics (LED) data from the US Census Bureau.
∑ Despite only small net gains during a year, industries can generate significant number
of job openings. In 2003 (latest data available), trade, transportation and utilities,
and leisure and hospitality created a large number of openings.
$32,033
$32,000
$30,752
$30,000 $29,743
$28,919
$28,277
$28,000
$26,827
$26,000
$24,000
$22,000
1999 2000 2001 2002 2003 2004
∑ Ocean County’s annual average private sector wage rose to $32,033 in 2004, an in-
crease of 19.4 percent from 1999. In comparison, the state’s annual wage increased
to $47,600 in 2004, a jump of 16.7 percent. Two industries are largely responsible
for the county’s annual average wage being lower than the state’s: the county has
greater percentages of its employment in the retail trade industry (22.5% for the
county vs. 14.2% for the state) and in leisure and hospitality (14.2% vs. 9.8%). Wages
in these industries tend to be lower than the average.
Construction
Manufacturing
Trade/Transp./Utilities
Information
Financial Activities
Prof./Business Services
Education/Health Services
Leisure/Hospitality
Other Services
∑ Private sector wages in Ocean lagged the state in every category. Workers in the
information sector received the highest annual earnings ($56,800), followed by trade,
transportation and utilities ($45,100). Reasons for the higher salaries in these two
industries are high-skill job requirements (e.g., AmerGen’s Oyster Creek nuclear gen-
eration station) and union representation, particularly in transportation and utilities.
Construction ($42,600) requires specialized skills, but not necessarily education be-
yond high school. Workers in the leisure and hospitality industry had the lowest earn-
ings ($15,300) due to the part-time nature of many of the jobs.
Ocean County Community Fact Book 7
Per Capita Personal Income
∑ In 2003, Ocean had a per capita personal Ocean County and New Jersey
income (PCPI) of $31,800, ranking 16th in
Per Capita Personal Income: 1998 — 2003
the state. The county’s PCPI was 80 per- $45,000
Unemployment Rates
BJ
4.5 force expanded by 31,900 or 15.0 percent,
compared with a growth rate of 3.9 per-
BJ
4.0
cent for the state. Strong population
3.5
growth in Ocean County was the major fac-
3.0 tor increasing the size of its civilian labor
1998 1999 2000 2001 2002 2003 2004
force.
B New Jersey J Ocean
∑ As the economy improved, the number of Ocean County unemployment insurance claims
dropped by 208 from 2003 to 2004. This represented an improvement of almost four
percent. Declines in the number of claims by males (-154 or -4.8%), whites (-130 or
-2.8%) and 35 through 44-year olds (-144 or -10.0%) led the way.
∑ The largest improvement in the number of unemployment insurance claims from 2003
to 2004 occurred in the following industries: “government and other” (-239 or -33%),
professional and business services (-62 or -8.9%) and education and health services
(-34 or -5.5%). There was an increase of 50 unemployment claims in the financial ac-
tivities industry.
500,000
450,000
400,000
2002* 2007** 2012**
*estimate **projection
Ocean County
∑ The 45-64 age group is expected to grow
Projections for Select Age Groups: 2002 — 2012 the fastest (+42.2%) accounting for a to-
200,000 tal of 168,900 in 2012. The smallest size
age group in the county, 15-24 years, is pro-
150,000
jected to increase the second fastest at
100,000
19.1 percent. The youngest age group, 0-
14 years, is the only group expected to de-
50,000 cline (-2,000 or -2.0%).
0
0-14 15-24 25-44 45-64 65+
2002* 2012**
*estimate **projection
(+6.0%) counterparts.
10
0
Black White Multi-Racial Other Races
∑ From 2002 to 2012, Ocean County is projected to add over 26,100 new jobs. Total
nonfarm employment is expected to increase 17.9 percent compared with the 12.0
percent increase projected for New Jersey.
∑ The 10 industries shown in the table will account for 19,100 or over 73 percent of
Ocean County’s new jobs from 2002 to 2012.
∑ The industries that have large projected percent declines have a relatively small em-
ployment base.
∑ Ocean County is projected to have over 6,700 annual job openings per year through
2012, or 4.4 percent of statewide annual openings. The county’s top twenty ranked
occupations by annual job openings are anticipated to account for over 40 percent of
all Ocean’s annual job openings.
∑ The table shows that most of the occupations having high replacement needs tend to
have lower skills and lower wages. At the same time, jobs such as cashiers, retail
salespersons and waiters and waitresses are in demand in the county and have a good
outlook. In comparison, the two high skill jobs listed earn the highest annual wage of
the top 20 occupations with the most projected job openings from 2002-2012.