New Jersey Economics at a Glance
New Jersey was home to 19 Fortune 500 companies in 2016 and ranked #2 for education in 2018, according to U.S. News & World Report. Many businesses find NJ highly attractive due to its proximity to New York City. In April 2018, the U.S. Bureau of Labor Statistics (BLS) stated that New Jersey had a 4.5% unemployment rate, which was a bit higher than the national average of 3.9%. The BLS reported in May 2017 that the average hourly wage for NJ workers was $27.39 and well above the national average.
What Are the Leading Career Opportunities in New Jersey?
Private sector jobs are expected to continue their growth in coming years. Positions in health services will see the greatest opportunities; seven of the top 10 fastest growing careers in NJ are in health care. According to CareerOneStop, which is sponsored by the U.S. Department of Labor, those fastest growing careers from 2014-2024 in NJ include:
- Home Health Aides
- Occupational Therapy Assistants
- Operations Research Analysts
- Physical Therapist Assistants
- Physical Therapist Aides
- Commercial Divers
- Physical Therapists
- Hearing Aid Specialists
- Nurse Practitioners
What Are New Jersey's Most Declining Industries?
Many jobs that are being automated are seeing a sharp decline across the country, according to CareerOneStop, and New Jersey is no exception. Several declining jobs in the state can be attributed to automation. The following occupations are expected to be on the down swing in New Jersey through 2024:
- Telephone Operators
- Metal and Plastic Patternmakers
- Switchboard Operators, including Answering Service
- Photographic Process Workers and Processing Machine Operators
- Gaming Change Persons and Booth Cashiers
- Postal Service Mail Sorters, Processors, and Processing Machine Operators
- Watch Repairers
- Drilling and Boring Machine Tool Setters, Operators, and Metal and Plastic Tenders
- Gaming Surveillance Officers and Gaming Investigators
- Parking Enforcement Workers
Where Can I Look for Employment in New Jersey?
At careeronestop.org, which is affiliated with the U.S. Department of Labor, you can search for employment by job title or keyword and by state and city. You can also learn more about networking, resumes, applications and interviewing, as well.