Ocean City, New Jersey Unemployment
The BLS reported that the unemployment rate for Ocean City rose 0.1 percentage points in January 2023 to 6.2%. For the same month, the metro unemployment rate was 2.8 percentage points higher than the New Jersey rate. The unemployment rate in Ocean City peaked in May 2020 at 25.4% and is now 19.2 percentage points lower. From a post peak low of 6.1% in December 2022, the unemployment rate has now grown by 0.1 percentage points. You can also compare Ocean City unemployment with unemployment in other cities.
| Unemployment Rate | January 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.4% | -0.1 | -0.6 |
| New Jersey | 3.4% | +0.1 | -1.7 |
| Ocean City | 6.2% | +0.1 | -0.8 |
Unemployment Rate: Ocean City, New Jersey, National
Note: Recessions shown in gray.
Ocean City, New Jersey Unemployed
The number of people unemployed in Ocean City peaked in May 2020 at 10,933. There are now 7,982 fewer people unemployed in the metropolitan area. From a recent trough of 2,897 in June 2022, the number of unemployed has now grown by 54. Ocean City employment and jobs data (including jobs lost/gained in Ocean City, New Jersey) is also available.
| Unemployed Persons | January 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Ocean City | 2,951 | +30 | -298 |
Number of Unemployed Persons
Ocean City, New Jersey Unemployment History
| Date | National Unemployment Rate |
New Jersey Unemployment Rate |
Ocean City Unemployment Rate |
Ocean City Unemployed |
|---|---|---|---|---|
| February 2023 |
3.6% | — | — | — |
| January 2023 |
3.4% | 3.4% | 6.2% | 2,951 |
| December 2022 |
3.5% | 3.3% | 6.1% | 2,921 |
| November 2022 |
3.6% | 3.3% | 6.2% | 2,945 |
| October 2022 |
3.7% | 3.3% | 6.3% | 3,006 |
| September 2022 |
3.5% | 3.2% | 6.3% | 2,975 |
| August 2022 |
3.7% | 3.0% | 6.3% | 2,964 |
| July 2022 |
3.5% | 3.2% | 6.2% | 2,902 |
| June 2022 |
3.6% | 3.4% | 6.2% | 2,897 |
| May 2022 |
3.6% | 3.6% | 6.2% | 2,926 |
| April 2022 |
3.6% | 3.9% | 6.3% | 2,959 |
| March 2022 |
3.6% | 4.1% | 6.5% | 3,027 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
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