NJ Regional Employment Projections

advertisement
New Jersey Regional Employment
Projections: 2004-2014
There are two ways to analyze employment data, each
having significant collection methods and importance
Industrial Employment


Collected via combination
of Current Employment
Statistics (CES) and
Quarterly Census of
Employment and Wages
(QCEW)
Includes all non-agricultural
payroll employment
Occupational Employment


Collected via the
Occupational Employment
Statistics survey (OES), a
sample of employers used to
develop staffing patterns
across all industries
Includes all non-agricultural
payroll employment PLUS
the self-employed and unpaid
family workers
STATE AND
NATIONAL
INDUSTRY
REVIEW
Employment in New Jersey is projected to grow at a
steady 1.0% annual rate, but still lag that of the nation
20.0
14.1
Employment Change ( % )
15.0
10.1
10.0
5.0
0.0
-5.0
-10.0
Total Nonfarm
Goods-Producing industries will continue to decline in
New Jersey while remaining relatively flat for the nation
20.0
14.1
Employment Change ( % )
15.0
10.1
10.0
5.0
-0.1
0.0
-5.0
-10.0
-8.4
Total Nonfarm
Goods-Producing
Service-Providing industries will again account for all
growth in both the state and the nation
20.0
17.0
14.1
Employment Change ( % )
15.0
12.8
10.1
10.0
5.0
-0.1
0.0
-5.0
-10.0
-8.4
Total Nonfarm
Goods-Producing
Services-Providing
By 2014, nearly nine out of every ten jobs in NJ will
be found within a Service-Providing industry
5,000,000
4,403,200
3,939,800
Employment
4,000,000
3,000,000
2,000,000
1,000,000
463,400
0
Total Nonfarm
Goods-Producing
Services-Providing
For the nation, 85% of total employment will be found
within Service-Providing industries
160,000,000
150,877,000
Employment
129,090,000
120,000,000
80,000,000
40,000,000
21,787,000
0
Total Nonfarm
Goods-Producing
Services-Providing
STATEWIDE
MAJOR INDUSTRY
SECTOR REVIEW
Modest growth in Construction will offset deep losses in
Manufacturing among Goods-Producing industries
17,700
Employment Change
20,000
0
-20,000
-40,000
-42,300
-60,000
Goods-Producing
-59,900
Manufacturing
Construction
Widespread losses in manufacturing are led by these
industries:
Employment Decline
0
Computer &
Electronic Mfg
Chemical Mfg
-20,000
Machinery Mfg
Fabricated Metal
Mfg
-40,000
Paper Mfg
-60,000
Total
Manufacturing
Selected
Components
Although the Manufacturing industry is projected to
continue its decline, the trend is slowing
Manufacturing Employment
800,000
726,800
456,000
600,000
338,200
278,300
400,000
-4.6%
-2.9%
Per year
200,000
-1.9%
Per year
Per year
1984
1994
2004
2014
Service-providing industries will approach 4 million
jobs by 2014 and continue to drive the labor market
Trade, Transportation & Utilities
Professional & Business Services
Government
Healthcare and Social Assistance
Leisure & Hospitality
Financial Activities
Other Services
Education
The only service-providing industry
0
projected to lose jobs through 2014 is the
Information sector, projected to lose
6,400 jobs, a decline of -0.7% annually
200,000
400,000
2004 Employment
600,000
800,000
1,000,000
Growth 2004-2014
Employment growth within Service-Providing industries
will be dominated by these five sectors…
Employment Change
500,000
200,000
Healthcare and Social
Assistance *
Professional & Business
Services *
Trade, Transportation
& Utilities
Leisure & Hospitality
100,000
Financial Activities
400,000
300,000
0
Services-Providing
Selected
Components
* Healthcare and Professional &
Business Services will each add
more than 100,000 jobs from 2004
to 2014.
STATEWIDE
OCCUPATIONAL
HIGHLIGHTS



9.5% Employment
Growth: 2004-2014
149,540 Average Annual
Job Openings, 20042014
More than Two-thirds
of these Job Openings
will be due to
“Replacement” demand
PROJECTED PERCENTAGE
GROWTH RATE BY MAJOR
OCCUPATIONAL CATEGORY
EMPLOYMENT SHARE IN 2014
BY MAJOR OCCUPATIONAL
GROUP
Mgmt., Bus., Fin.
Service
Trans./Mat.
Moving
Professional
Production
Install/Repair
Mgmt., Bus., Fin.
Construction
Construction
Install/Repair
Trans./Mat.
Moving
Sales
Office/Admin
Support
Production
Office/Admin
Support
-15 -10 -5
0
5
10 15 20
Service
Sales
Occupations with higher educational and training requirements are
projected to grow twice as fast as those with lower requirements
14.0
First Professional Degree
Total High
Requirements
Doctoral Degree
14.6
17.6
Master’s Degree
15.9
Work exp. + Bachelor’s or higher
Total
Moderate
Requirements
12.0
Bachelor’s Degree
9.4
13.7
Associate’s Degree
20.0
14.5
Postsecondary Voc. Training
6.2
Work exp. in a related Occ.
Total Low
Requirements
8.4
Long-Term OTJ Training
7.2
3.9
Moderate-Term OTJ Training
8.9
Short-Term OTJ Training
0
5
10 15 20
Percent Growth, 2004-2014
0
5
10
15
20
Percent Growth, 2004-2014
25
NEW JERSEY
REGIONAL AND
COUNTY DATA
Northern
Region
BERGEN
SUSSEX
ESSEX
HUDSON
PASSAIC
WARREN
- Generally, these counties have large
employment but grow at a slower rate
- Combined, this region accounts for
over 47% of all NJ employment
- Over 50% of State’s employment in
Manufacturing located in Northern
region
- Projected to have roughly 70,000
average annual job openings, more
than double any other region
MORRIS
UNION
Bergen County
Highest employment in the
State, and only county to
eclipse 500,000 jobs by 2014
Healthcare and Social
Assistance industry is and will
~ Giants Stadium
remain the largest sector, adding more than 19,000 jobs
Large (over 14% of State), but
slow-growing Retail and
Wholesale Trade sectors
~ Continental Airlines Arena
BERGEN COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.

Sales Occs.
Office/ Admin. Occs.
Construction Occs.

Install./Repair Occs.
Production Occs.
Bergen
State
Transportation Occs.
-20
-10
0
10
20
Percent Growth, 2004-2014
30
Ranks #1 among NJ
counties in most projected
employment growth and
average annual job openings
Professional and Service
occupations make up over
70% of employment growth
Second to only Middlesex in
employment in Production
occupations, with 31,600 in
2004
Hudson County
Largest employment within Finance and Insurance
industry sector among NJ counties…nearly 15% of all
employment in Hudson County
Trade, Transportation and Utilities account for one in
every four jobs in Hudson
Sharpest projected decline in
Manufacturing among NJ
counties…projected to lose
30.7% of Manufacturing jobs
by 2014, a drop of 4,150 jobs
HUDSON COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.
Sales Occs.

Office/ Admin. Occs.
Construction Occs.
Install./Repair Occs.
Production Occs.
Hudson
Transportation Occs.
-20
State
-10
0
10
20
Percent Growth, 2004-2014
30
Nearly one in every four
jobs found within Office and
Administrative Support
group, the highest
concentration in the State
Only Management,
Business, and Financial and
Professional occupations
projected to outpace growth
of State
Morris County
Fastest projected annual growth rate in
the Northern region at 1.2%, which
ranks 4th in the State
Also ranks 4th in the State in total
employment, with 298,350 in 2004
Well-rounded employment base
features eight major industries with employment of
20,000 or more
MORRIS COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.

Sales Occs.
Office/ Admin. Occs.
Construction Occs.
Install./Repair Occs.
Production Occs.
Morris
State
Transportation Occs.
-20
-10
0
10
20
Percent Growth, 2004-2014
30
All Major Occupational
groups, except Professional,
will grow faster than those of
the State
Even still, projected growth in
higher paying Management,
Business, and Financial, and
Professional occupations
combined will add almost
17,000 jobs, nearly 44% of all
growth
Central
Region
HUNTERDON
MIDDLESEX
MERCER
SOMERSET
- Second largest region is projected to near
1,000,000 in employment by 2014, a
growth rate of 10.2%
- In 2004, more than one in five jobs
(21.7%) found in Central region
- Three of the four counties in this region
will outpace the State’s growth of 10.1%
- Employment in Professional and
Business Services will increase by
16.9% while adding 27,000 new jobs
Mercer County
Fastest growing county in Central
region due to strong growth in
Healthcare, Construction, and
Administrative Support services
~ New Jersey State House
Second largest county in Central region, eighth largest in
State, with employment of
226,750 in 2004
One in every four jobs found in
Government sector
~ “Trenton Makes” Bridge
MERCER COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.
Sales Occs.

Office/ Admin. Occs.
Construction Occs.
Install./Repair Occs.
Production Occs.
Mercer
State
Transportation Occs.
-20
-10
0
10
20
Percent Growth, 2004-2014
30

Higher paying Management,
Business, and Financial, and
Professional occupations will
account for more than half of
27,000 new jobs
Construction occupations will
increase by 16.7%, highest
among NJ counties
By 2014, Registered Nurses
will add 1,400 jobs to become
the occupation with the largest
employment in Mercer
Middlesex County
With employment of 414,450 in 2004, Middlesex is the
largest county in the Central region, and second largest in
the State
Among Central region counties, Middlesex will
experience the slowest growth at 8.6%, but still add the
most jobs with 35,600
Largest Manufacturing
sector among NJ counties
with employment of 46,300
in 2004
~ Rutgers Stadium, Piscataway NJ
MIDDLESEX COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.
Sales Occs.
Office/ Admin. Occs.

Construction Occs.
Install./Repair Occs.
Production Occs.
Middlesex
Transportation Occs.
-20
State
-10
0
10
20
Percent Growth, 2004-2014
30
Like Mercer, more than half
of job growth to occur within
higher paying Management,
Business, and Financial, and
Professional occupational
groups
Most employment in
Transportation and
Material Moving
occupations among NJ
counties with 52,400 in 2004
Coastal
Region
MONMOUTH
ATLANTIC
OCEAN
CAPE MAY
- Fastest growing region will add nearly
70,000 by 2014, an increase of 11.2%
- 35.1% of State’s employment within
Accommodation and Food Services
industry in these four counties…nearly
16.0% of region’s total employment
- Another 14.6% of region’s total
employment in Retail Trade
industry…compared to 11.7% statewide
Monmouth County
Monmouth is projected to grow by
9.4% and will add 25,000 jobs by 2014
to remain the largest county in the
Coastal region
~ Southside Johnny & “The Boss” at the Stone Pony
High concentration of employment in Retail Trade industry,
nearly 15.0% in 2004
Second largest county in
Construction employment with
15,350 in 2004, behind only Bergen
MONMOUTH COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.

Sales Occs.
Office/ Admin. Occs.
Construction Occs.

Install./Repair Occs.
Production Occs.
Monmouth
Transportation Occs.
-20
State
-10
0
10
20
Percent Growth, 2004-2014
30
Professional occupations
will grow by 11.1%,
second slowest among NJ
counties
Service occupations will
add 9,300 new jobs, or
growth of 15.1%
Installation, Maintenance
and Repair occupations
will add 1,250 jobs, second
most among NJ counties
Ocean County
With total growth of 15.1%, Ocean is projected to be
the fastest growing county in the Coastal region and
second fastest in the State
Healthcare and Social Assistance is and will remain
the county’s largest industry, accounting for one in
every five jobs by 2014
Also, Healthcare industry
will add 8,850 jobs, an
annual growth rate of 2.8%,
and nearly 40% of all growth
OCEAN COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.

Sales Occs.
Office/ Admin. Occs.
Construction Occs.

Install./Repair Occs.
Production Occs.
Ocean
State
Transportation Occs.
-20
-10
0
10
20
Percent Growth, 2004-2014
30
All major occupational
groups are projected to
outpace the growth rates of
the State
Service occupations will
increase by 23.6%, second
most among NJ counties
Transportation and Material
Moving occupations will
increase by 13.2%, the
highest among NJ counties
Atlantic County
Accommodation and Food Services
industry (including Casinos) is county’s
largest, over 37% of all employment
in 2004
~ Borgata Hotel Casino and Spa
Healthcare and Social Assistance sector will add the most
new jobs with 4,550 by 2014, an annual rate of 2.6%
Very small share of Manufacturing
industry, less than 3% of total
employment in Atlantic
~ Harrah’s Atlantic City
ATLANTIC COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.

Sales Occs.
Office/ Admin. Occs.
Construction Occs.
Install./Repair Occs.
Production Occs.
Atlantic
Transportation Occs.
-20
State
-10
0
10
20
Percent Growth, 2004-2014
30

Professional occupations
will add 4,650 new jobs, or
growth of 19.8%, highest
among NJ counties
Service occupations will
add another 5,650 jobs
despite lowest growth rate
among NJ counties (9.6%)
Together, they account for
nearly 70% of all growth
Southern
Region
BURLINGTON
CAMDEN
GLOUCESTER
- Second fastest growing region is
projected to add 66,500 jobs through 2014,
an increase of 10.8%
- Healthcare and Social Assistance
industry alone will add 21,250 new
jobs, nearly a third of all growth
- Employment share in Manufacturing
ranks #1 among NJ’s four regions at
9.7% of total employment
CUMBERLAND
SALEM
Camden County
Largest county in Southern region, with employment
of 219,900 in 2004, is projected to add 19,850 by 2014
Government, Healthcare and Social Assistance, and
Retail Trade, Camden’s three largest industries, account
for 43% of total employment
Healthcare and Social
Assistance industry will
add 7,700 new jobs, nearly
double any other industry
~ Campbell’s Field w/ Ben Franklin Bridge
CAMDEN COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.
Service Occs.

Sales Occs.
Office/ Admin. Occs.
Construction Occs.

Install./Repair Occs.
Production Occs.
Camden
Transportation Occs.
-20
State
-10
0
10
20
Percent Growth, 2004-2014
30
All major occupational
groups, except Production,
will grow at a slower rate
than the State
More than 70% of all
growth through 2014 will
occur within Professional
and Service occupations
Registered Nurses, the #1
occupation in 2004, will
add 1,650 new jobs, by far
the most of any occupation
Gloucester County
Fastest growing county in Southern region,
and third fastest in the State at 13.7%, will
add 14,250 new jobs by 2014
One in every four new jobs will be found
in Healthcare and Social Assistance, which
will grow by 2.9% annually
Retail Trade will remain Gloucester’s
largest private sector industry, adding
1,850 new jobs to reach employment of
18,650 by 2014
~ Rowan University Prof
GLOUCESTER COUNTY VS. STATE
Percent Growth by Occupational Category

Total
Mgmt., Bus., & Fin. Occs.
Professional Occs.

Service Occs.
Sales Occs.
Office/ Admin. Occs.
Construction Occs.
Install./Repair Occs.
Gloucester
Production Occs.
State
Transportation Occs.
-20
-10
0
10
20
Percent Growth, 2004-2014
30

All major occupational
groups will outpace the
growth of the State
Office and Administrative
Support occupations will
grow by 6.9%, highest
among NJ counties
Healthcare Practitioner and
Healthcare Support
occupations together will add
1,900 jobs, an increase of
33.0%
Key Points



Healthcare and Social Assistance industry will
continue to boom…fastest growing industry in 7 of
21 counties
Higher-paying Management, Business, and Financial
and Professional occupational groups are projected
to account for nearly 45% of total growth
Employment in Manufacturing will continue to
decline, but at a much slower rate than the past two
decades
Questions or Comments?
CALL
609-777-3635
-or-
E-MAIL Jason.Timian@dol.state.nj.us
Visit our Web site:
www.nj.gov/labor/lra
Download