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N ew Jers ey

N ew Jers ey. Industry and Occupational Employment Projections 2006-2016. Annual Employment Change in New Jersey 1939-2008. Employment Change (000s). Employment growth in New Jersey is projected to lag the nation. Projected growth ‘06 – ‘16.

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N ew Jers ey

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  1. NewJersey Industry and Occupational Employment Projections 2006-2016

  2. Annual Employment Change in New Jersey 1939-2008 Employment Change (000s)

  3. Employment growth in New Jersey is projected to lag the nation Projected growth ‘06 – ‘16

  4. Goods Producing industries will continue to decline in both state and nation Goods Producing Projected growth ‘06 – ‘16

  5. All growth projected to occur in Service Providing industries Goods Producing Projected growth ‘06 – ‘16

  6. Annual employment growth among Private sector

  7. Projected employment change in New Jersey Employment growth ‘06 – ‘16 Goods Producing

  8. Projected employment change in United States Employment growth ‘06 – ‘16 (000s) Goods Producing

  9. Projected growth in NJ and US by industry

  10. Goods Producing Industries

  11. Growth in Construction not enough to offset losses in Manufacturing Goods Producing Manufacturing Construction

  12. Construction industry had been a steady source of jobs for last 15 years…until the downturn Annual Percent Change

  13. Selected industries make up the bulk of the decline, but losses are widespread -6,700 -6,100 -5,200 -5,100 -5,000 Projected Employment Change ‘06 – ‘16 -62,500 Manufacturing

  14. Service Providing Industries

  15. Information and Utilities are projected to decline by a combined 10,000 jobs, or roughly 9% 2006 employment and projected growth by industry super-sector

  16. More than 90% of growth is projected to occur within these three super-sectors

  17. Healthcare and Education has been only stable and reliable source of new jobs

  18. Healthcare will continue to produce the bulk of NJ’s employment growth

  19. High-paying occupations are prominent in these industries 78,200 Projected Employment Growth ‘06 – ‘16 6,000 7,100 9,500 16,800 Professional and Business Services

  20. 6.0% Employment Growth, 2006-2016 132,100 Average Annual Job Openings Roughly 7 of every 10 of these openings due to Replacement demand Occupational Highlights

  21. Only Professional, Service and Management, Business and Financial occupations will grow faster than average NJ avg.=6.0% Projected Growth, 2006-2016 2006 Employment Major Occupational Group

  22. Professional and Service occupations will account for most new jobs by 2016 Trans./Material Moving Production Employment Growth 2006 - 2016

  23. Most job opportunities are still result of replacement need rather than growth 31,520 30,140 20,890 16,320 12,540 7,460 4,600 4,000 3,450

  24. Jobs with higher education and training requirements will grow faster than average Percent Growth, 2006 - 2016

  25. 6 of the top 25 occupations adding the most employment growth require higher education and training Jobs requiring higher training and education often relate to higher wages $70,900 $89,600 $58,000 $74,000 $85,400 $82,700 Employment Growth 2006 - 2016

  26. Among fastest growing occupations, healthcare jobs are prominent Percent Growth 2006 - 2016

  27. $158,700 $120,100 $102,500 $98,600 $98,200 $90,600 $89,600 $89,100 $85,400 $84,100 Among high wage, non-management jobs, 9 of 10 grow faster than state average Percent Growth 2006 - 2016

  28. Fastest declining occupations list (%) still consists mostly of Production occupations Among top 10 jobs with most jobs lost, all have average wage less than the state Employment Decline 2006 - 2016

  29. NEW JERSEY REGIONAL AND COUNTY DATA

  30. Northern Region BERGEN ESSEX HUDSON MORRIS PASSAIC UNION Generally, these counties have large employment but grow at a slower rate Combined, this region accounts for over 45% of all NJ employment…geographically less than 15% of NJ area Projected to have more than 58,000 annual average job openings, more than double any other region

  31. Essex County Third largest county in total employment, despite small geographic size Most employment in Transportation and Warehousing sector among NJ counties with 30,650 in 2006 Air transportation industry, namely Newark Liberty International, projected to add more than 3,000 jobs, annual growth of almost 2%

  32. Northwestern Region SUSSEX WARREN This two-county region is by far the smallest in the State in employment with 83,700 in 2006, accounting for only 2% of NJ employment despite accounting for over 10% of land area Projected employment gains in Healthcare and Social Assistance would account for nearly 40% of all growth in this region

  33. Sussex County Half of total employment found within Healthcare, Trade, and Government sectors 6th largest NJ county by area, but has 4th least employment in 2006 2nd fewest manufacturing jobs among NJ counties with only 2,100 in 2006…behind only Cape May

  34. Central Region HUNTERDON MERCER MIDDLESEX SOMERSET In 2006, more than one in five jobs (21.9%) found in Central region, nearly 900,000 in employment Region projected to outpace growth of the state and add about 60,000 more jobs More than one-quarter of all employment in Government and Professional and Business services

  35. Middlesex County With employment of 419,600 in 2006, Middlesex is the second largest county in the state in employment, and will also add the second most jobs with 25,350 Largest Manufacturing sector among NJ counties with employment of 42,800 in 2006, 30% of which is chemical More than 80,000 jobs in Professional and Business services, most of any county

  36. Coastal Region ATLANTIC CAPE MAY MONMOUTH OCEAN Projected to be the fastest growing region, adding almost 48,000 jobs, or nearly 8% Retail trade and Accommodation and food services make up over 30% of all employment in Coastal region More than 90% of all employment in Service-providing industries, highest ratio among regions

  37. Ocean County With total growth of 10.2%, Ocean is projected to be the fastest growing county in the state, adding 16,200 jobs Healthcare and Social Assistance will continue to be the largest industry in Ocean, adding nearly 9,000 jobs for annual growth of 2.6%, and accounting for more than half of all job growth in Ocean

  38. Southern Region BURLINGTON CAMDEN CUMBERLAND GLOUCESTER SALEM Projected to add 43,550 jobs through 2016, an increase of 6.9% Healthcare and Social Assistance industry alone will add 18,700 new jobs, over 40% of all growth Trade, Transportation and Utilities supersector, nearly one-quarter of Southern region employment, is projected to add nearly 5,000 jobs by 2016

  39. Camden County Largest county in Southern region, with employment of 220,800 in 2006, is projected to add 14,100 by 2016 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, more than triple any other industry

  40. Outlook • Employment growth in NJ has slowed to a near halt since the turn of the century, averaging only 0.2% annual growth through 2008 • Many occupations with above-average wages are projected to grow faster than the state average • Automation and other technology is contributing to the reduction of lesser skilled occupations

  41. Questions or Comments?Contact Jason Timian Call: 609-777-3635 E-mail: jason.timian@dol.state.nj.us On the Web at: www.nj.gov/labor

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