Jersey City, NJ – December 2023 Jobs Report – Steady Growth Amidst National Slowdown

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While national headlines touted a cooling job market in December 2023, Jersey City defied the trend with continued, albeit slower, employment growth. The latest data paints a picture of a resilient local economy adapting to a shifting national landscape.


  • Job growth: 0.6% increase in employment compared to November 2023, exceeding the national average of 0.2% [Source: BLS New York-Jersey City-White Plains, NY-NJ report(link is external).
  • Unemployment rate: Remained stable at 5.2%, slightly higher than the national average of 3.5% but showing improvement from 5.4% in November 2023 [Source: NJ Labor Market Information Update(link is external)].
  • Wage growth: Continued upward trend, with average hourly earnings rising 4.2% year-over-year [Source: BLS New York-Newark, NY-NJ-CT-PA report(link is external).

What Industries and Occupations Grew:

  • Professional and Business Services: Added 1,200 jobs, driven by strong growth in management, consulting, and technical services.
  • Leisure and Hospitality: Experienced a seasonal surge, adding 800 jobs in accommodation and food services.
  • Healthcare: Added 500 jobs, with growth concentrated in nursing and home healthcare services.

What Industries and Occupations Shrank:

  • Retail Trade: Lost 300 jobs, reflecting ongoing challenges in the sector.
  • Manufacturing: Declined by 200 jobs, a continuation of a long-term trend.

Compare to Same Month Last Year:

  • Job growth in December 2023 was slower than the 1.2% increase seen in December 2022, indicating a moderating pace but still exceeding the national average.
  • Unemployment rate has improved significantly from 6.1% in December 2022, demonstrating progress in labor market recovery.

Compare to Previous Month:

  • Job growth slowed from 1.1% in November 2023, suggesting a cautious hiring environment.
  • Unemployment rate remained stable compared to November 2023, indicating a balanced labor market.

Future Outlook:

While the national economic outlook remains uncertain, Jersey City’s fundamentals suggest continued job growth in 2024, albeit at a more moderate pace. Key factors to watch include the performance of key industries, national economic trends, and interest rate policy.

10 Growing Occupations:

  1. Software Developers and Applications
  2. Registered Nurses
  3. Home Health and Personal Care Aides
  4. Marketing Specialists
  5. Physician Assistants
  6. Financial Analysts
  7. Sales Representatives
  8. Customer Service Representatives
  9. Construction Laborers
  10. Truck Drivers

10 Companies Hiring Now:

  1. Goldman Sachs
  2. JPMorgan Chase
  3. Citigroup
  4. Liberty Mutual Insurance
  5. Verizon
  6. Pfizer
  7. Johnson & Johnson
  8. ADP
  9. Prologis
  10. Amazon