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 |
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 10,573. 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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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