Department of Numbers

Ocean City, New Jersey Unemployment

The BLS reported that the unemployment rate for Ocean City fell 0.0 percentage points in November 2023 to 7.4%. For the same month, the metro unemployment rate was 2.7 percentage points higher than the New Jersey rate. The unemployment rate in Ocean City peaked in May 2020 at 24.5% and is now 17.1 percentage points lower. From a post peak low of 6.1% in September 2022, the unemployment rate has now grown by 1.3 percentage points. You can also compare Ocean City unemployment with unemployment in other cities.

Unemployment Rate November 2023 Month/Month Year/Year
National 3.7% -0.1 +0.1
New Jersey 4.7% +0.1 +1.4
Ocean City 7.4% 0.0 +1.3
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2023 data as December metro level unemployment data has not yet been released.

Unemployment Rate: Ocean City, New Jersey, National

Ocean City, New Jersey monthly unemployment rate chart

Note: Recessions shown in gray.

Ocean City, New Jersey Unemployed

The number of people unemployed in Ocean City peaked in May 2020 at 10,573. There are now 6,873 fewer people unemployed in the metropolitan area. From a recent trough of 2,886 in November 2022, the number of unemployed has now grown by 814. Ocean City employment and jobs data (including jobs lost/gained in Ocean City, New Jersey) is also available.

Unemployed Persons November 2023 Month/Month Year/Year
Ocean City 3,700 +57 +814

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
December
2023
3.7%
November
2023
3.7% 4.7% 7.4% 3,700
October
2023
3.8% 4.6% 7.4% 3,643
September
2023
3.8% 4.4% 7.2% 3,550
August
2023
3.8% 4.2% 7.0% 3,428
July
2023
3.5% 3.9% 6.7% 3,263
June
2023
3.6% 3.7% 6.4% 3,147
May
2023
3.7% 3.6% 6.2% 3,027
April
2023
3.4% 3.5% 6.1% 2,919
March
2023
3.5% 3.5% 6.1% 2,922
February
2023
3.6% 3.5% 6.1% 2,905
January
2023
3.4% 3.4% 6.1% 2,887

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.