Presented on August 15, 2012

1. New Jersey Department of Labor
and Workforce Development
Division of Labor Market &
Demographic Research
New Jersey’s Current Employment
Situation
&
Industry & Occupational Employment
Outlook
Prepared: August 2012

2. The Great Recession
 Officially the
Recession spanned
18
months, December
2007 – June 2009
 Longest Postwar
Recession on
record
 7 million jobs lost
nationwide
 Unemployment
levels not seen in
over 30 years

3. New Jersey Total Nonfarm Employment vs. Monthly Change
January 2008 - June 2012
45,000
Jan 08
4,097,400 Recovery From Low Point: 77,800
(30%)
35,000
4,000,000
June 12
3,907,500
Recessionary Low
25,000 Point:
Sep 10 3,836,400
3,900,000
261,100 Total Recessionary Job 14,400
Total Employment
Monthly Change
15,000
11,000
Loss 12,700
10,200 9,900
8,800
8,000
8,800 3,800,000
6,700 7,000
6,200
5,000 2,400
3,800 4,000 3,800
3,200 2,700 3,200
2,000 2,000 1,500
500
-200
-1,200
3,700,000
-1,800 -1,500 -1,400
-2,000
-2,900
-5,000 -3,700 -3,700
-5,900 -6,000
-7,600 -7,900 -7,900
-8,400
-9,900 -10,000
-10,700 -10,500 -10,500
-11,500 -11,100
-12,400 -12,400 3,600,000
-15,000 -13,400 -13,700
-16,500
-18,200 -18,500
-20,400
-21,500
-21,700
-25,000 3,500,000
Aug-08
Sep-08
Aug-09
Sep-09
Aug-10
Sep-10
Aug-11
Sep-11
Jan-08
Jun-08
Jan-09
Jun-09
Jan-10
Jun-10
Jan-11
Jun-11
Jan-12
Jul-08
Jul-09
Jul-10
Jul-11
Feb-08
Feb-09
Feb-10
Feb-11
Feb-12
Apr-08
Oct-08
Apr-09
Oct-09
Apr-10
Oct-10
Apr-11
Oct-11
Apr-12
Nov-08
Dec-08
Nov-09
Dec-09
Nov-10
Dec-10
Nov-11
Dec-11
May-08
May-09
May-10
May-11
May-12
Mar-08
Mar-09
Mar-10
Mar-11
Mar-12
Monthly Employment Change Total Nonfarm Employment

4. New Jersey Private Sector Employment vs. Monthly Change
January 2008 - June 2012
45,000 3,450,000
Jan. 08
3,445,800 Recovery From Low Point: 89,700 (36%)
3,400,000
35,000
Jun. 12 3,350,000
3,287,300
Recessionary Low
Point:
25,000
Feb. 10 3,197,600 3,300,000
Private Sector Employment
15,800 3,250,000
Monthly Change
15,000
12,100
10,400
9,400
7,700
7,400 6,800
3,200,000
6,700 6,600 7,600
6,400
5,800 4,700
5,000 3,100 4,200
248,200 Prvt. Sect. Recessionary Job Loss 2,000 2,200 2,900
2,700 2,500
2,200 800 3,150,000
100
-300 -200
-1,000 -1,600 -1,600 -1,400
-2,100 3,100,000
-5,000 -4,200 -4,100 -3,600
-5,100 -5,000
-5,800 -6,100
-7,300 -7,300
-7,800
-9,500 -9,600
-9,900 3,050,000
-11,900
-12,900 -12,700
-15,000 -13,300
-14,700
-15,600
3,000,000
-18,100
-20,400 -20,300
-21,300
-20,800
-25,000 2,950,000
Aug-08
Sep-08
Aug-09
Sep-09
Aug-10
Sep-10
Aug-11
Sep-11
Jan-08
Jun-08
Jan-09
Jun-09
Jan-10
Jun-10
Jan-11
Jun-11
Jan-12
Jul-08
Jul-09
Jul-10
Jul-11
Feb-08
Feb-09
Feb-10
Feb-11
Feb-12
Apr-08
Oct-08
Nov-08
Dec-08
Apr-09
Oct-09
Nov-09
Dec-09
Apr-10
Oct-10
Nov-10
Dec-10
Apr-11
Oct-11
Nov-11
Dec-11
Apr-12
May-08
May-09
May-10
May-11
May-12
Mar-08
Mar-09
Mar-10
Mar-11
Mar-12
Monthly Change Private Sector Employment

5. Monthly Total Employment Change
20,000
New Jersey: June 2011 - June 2012
14,400
15,000
10,200 9,900
10,000 8,800
6,700 7,000
5,000 3,800
3,200 2,700 3,200
1,500
0
-1,200
-3,700
-5,000
Change Over the Year = +65,000 Jobs
-10,000
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12

6. Monthly Private Sector Employment Change
June 2011 - June 2012
15,000
12,100
10,400
10,000
7,700 7,400 7,600
6,800
6,600
4,700
4,200
5,000
2,500
800
0
-5,000 -3,600
-7,300
-10,000
Change Over the Year = +59,100 Jobs
-15,000
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12

7. Monthly Employment Change: June 2012
LEISURE &
HOSPITALITY, +6,100
EDUCATION & HEALTH
SERVICES , +2,500
GOVERNMENT, +2,300
PROF. AND BUSINESS
SERVICES , +2,000
FINANCIAL ACTIVITIES
, +1,200 Total Nonfarm June Change
+9,900
OTHER SERVICES, +1,100
INFORMATION, 0
CONSTRUCTION , -500
MANUFACTURING, -2,400
TRADE, TRANS. UTIL. ,
-2,500
-5,000 -3,000 -1,000 1,000 3,000 5,000 7,000

8. New Jersey Private Sector Employment Change by Industry
June 2011 - June 2012
EDUCATION & HEALTH
SERVICES +28,200
LEISURE AND
HOSPITALITY +20,900
PROFESSIONAL &
BUSINESS SERVICES
+10,600
OTHER SERVICES +9,300
TRADE, TRANSPORTATI
ON, UTILITIES +5,600
FINANCIAL ACTIVITIES
+700
Total Private Sector Change
CONSTRUCTION -3,800 Over the Year: +59,100 Jobs
MANUFACTURING -4,500
INFORMATION -8,100
-10,000 -5,000 0 5,000 10,000 15,000 20,000 25,000 30,000

9. Unemployment Rates, New Jersey vs. United States:
June 2011 - June 2012
10.0
New Jersey
June 12
New Jersey 9.6%
June 11
9.4%
9.5
9.0 United States
June 11
9.1%
United
States
8.5 June 12
8.2%
8.0
Change Over the Year = +0.2 ppt
7.5
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12
United States New Jersey

10. Labor Force Participation Rates: New Jersey vs. United States
June 2011 - June 2012
67.0
66.5
New Jersey
66.1 66.1
66.0 66.0 66.0 66.0
66.0
65.9 65.9 65.9 65.9
65.8 65.8 65.8
65.5
65.0
64.5
United States
64.1 64.1 64.1 64.1
64.0 64.0 64.0
64.0 63.9
63.8 63.8 63.8
63.7
63.6
63.5
63.0
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12
New Jersey United States

11. Unemployed New Jersey Residents
June 2011 - June 2012
465,000
Change Over the Year = +14,300 Persons
455,000
441,700
445,000
435,000 429,500 429,500
427,400 427,300
423,900 423,300
425,000 420,100
416,200 417,200
414,000 412,700
415,000 411,900
405,000
395,000
385,000
375,000
Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12

12. New Jersey Counties
Unemployment Rates - June 2012
(Preliminary, Not Seasonally Adjusted)
SUSSEX
9.4% PASSAIC
11.7%
BERGEN
WARREN 8.9%
8% MORRIS
7.8%
ESSEX
11.6% HUDSON
11.4%
UNION
10.3%
HUNTERDON
7.7% SOMERSET
8.3%
Unemployment Rates
7.7% - 8.3% MIDDLESEX
9.5%
8.8% - 9.7% MERCER
MONMOUTH
8.8%
10.3% - 10.9% 9.3%
11.2% - 11.7%
12.8% - 14.0%
BURLINGTON OCEAN
9.7% 10.5%
CAMDEN
11.3%
GLOUCESTER
10.9%
SALEM
11.2%
ATLANTIC
12.8%
CUMBERLAND
14%
Data Source: Local Area Unemployment Statistics (LAUS)
Prepared by:
New Jersey Department of Labor and Workforce Development
Bureau of Labor Market Information
July 2012
CAPE MAY
10.3%
0 12.5 25
² 50 Miles

13. New Jersey Counties
Unemployed Residents - June 2012
(Preliminary, Not Seasonally Adjusted)
SUSSEX
8,000 PASSAIC
29,000
BERGEN
WARREN 43,200
4,800 MORRIS
21,700
ESSEX
43,400 HUDSON
36,300
UNION
28,800
HUNTERDON
5,600 SOMERSET
15,100
Unemployed Residents
3,500 - 8,000 MIDDLESEX
42,400
10,200 - 15,100 MERCER
MONMOUTH
18,400
17,500 - 23,800 31,200
28,500 - 31,200
36,300 - 43,400
BURLINGTON OCEAN
23,800 28,500
CAMDEN
30,600
GLOUCESTER
17,500
SALEM
3,500
ATLANTIC
18,500
CUMBERLAND
10,200
CAPE MAY
7,000
Data Source: Local Area Unemployment Statistics (LAUS)
Prepared by:
New Jersey Department of Labor and Workforce Development
Bureau of Labor Market Information 0 12.5 25 50 Miles
June 2012

14. Key Industry Sectors
• Life Sciences (Biotechnology/Pharmaceutical)
• Transportation/Logistics/Distribution
• Finance Services
• Advanced Manufacturing
• Health Care
• Entertainment, Arts, Retail, Leisure and
Hospitality

15. Key Industry Clusters account for two thirds
of all employment & wages statewide
Industry Cluster Employment and Wages: 2010 Annual*
Annual Averages* Total* Percent of Total*
Industry Cluster Establishments Employment Wages Wages Employment Wages
Advanced Manufacturing 3,431 124,012 $95,925 $11,895,844,365 4.0% 6.8%
Health Care 21,307 420,862 $50,772 $21,368,037,945 13.4% 12.2%
Financial Services 12,570 185,471 $104,418 $19,366,470,513 5.9% 11.1%
Technology 25,780 313,164 $100,074 $31,339,672,580 10.0% 17.9%
Transportation, Logistics and Distribution 25,985 354,618 $64,914 $23,019,845,572 11.3% 13.2%
Leisure, Hospitality and Retail 55,677 767,518 $26,709 $20,499,694,337 24.5% 11.7%
Biopharmaceutical & Life Science 3,145 122,729 $114,765 $14,084,934,866 3.9% 8.1%
All Cluster Industries 142,992 2,083,205 $56,909 $118,553,953,666 66.5% 67.9%
All Industries, NJ 261,483 3,133,821 $55,742 $174,686,813,420 100.0% 100.0%
Note: Industry Cluster componet industries are not mutually exclusive and do not include all New Jersey industry sectors.
Therefore the sum of industy cluster annual averages will not equal statewide averages. Sum of industry cluster percentages of totals will not equal 100 percent.
Source: New Jersey Department of Labor & Workforce Development, Quarterly Census of Employment & Wages (QCEW) 2010 Annual Averages
Prepared by: NJLWD, Division of Labor Market & Demographic Research, Bureau of Labor Market Information, November 2011

16. • Established to focus on the specific needs
of key industries in the state in order to connect
employers, job seekers, the state’s One Stop
Career Centers and educational institutions to
achieve the common goal of helping current job
seekers develop relevant skills that lead to job
opportunities, helping employers find qualified
employees, and to ensure that New Jerseyans
have access to training and educational
opportunities that lead to the jobs of the future.

18. Annual Employment Change in New
Jersey 1939-2011
250
Employment Change (Thousands)
200
150
100
50
0
-50
-100
-150
-200
1939-1940 1949-1950 1959-1960 1969-1970 1979-1980 1989-1990 1999-2000 2009-2010

19. Annual Employment 1939-2011
4,500
4,000
Employment (Thousands)
3,500
3,000 3,856,200
2,500 3,498,600
2,000
1,500 About 350,000 Jobs Over
1,000 Last Twenty Years
500
0.49% Annual Growth
0
2011
1987
1939
1942
1945
1948
1951
1954
1957
1960
1963
1966
1969
1972
1975
1978
1981
1984
1990
1993
1996
1999
2002
2005
2008

20. Greater Projected Growth for the Nation
than New Jersey
1.6
1.4
Annual Percent Growth ‘10-‘20
1.4
1.2
1.0
0.8 US
0.8
0.6 NJ
0.4
0.2
0.0
Total Nonfarm

21. Small Increase Projected for Goods
Producing Industries
1.6
1.4
Annual Percent Growth ‘10-‘20
1.4
1.2
1.0
1.0
0.8 US
0.8
0.6 NJ
0.4 0.5
0.2
0.0
Total Nonfarm Goods Producing

22. Slightly Larger Increase Projected for
Service-Providing Industries
1.6
1.4 1.5
Annual Percent Growth ‘10-‘20
1.4
1.2
1.0
1.0
0.8 US
0.8 0.8
0.6 NJ
0.4 0.5
0.2
0.0
Total Nonfarm Goods Producing Service-Providing

23. New Jersey’s Projected Growth
350,000
300,000 317,100
297,300
Employment Growth ‘10 – ’20
250,000
200,000
150,000
100,000
50,000
19,900
0
Total Nonfarm Goods Producing Service-Providing

24. The Nation’s Projected Growth
25,000
Employment Growth ‘10 – ’20
20,000
19,741.2
17,950.0
(Thousands)
15,000
10,000
5,000
1,791.3
0
Total Nonfarm Goods Producing Service Providing

25. Projected Growth by Major Industry
3.0
Group
2.0
Annual Percent Growth
1.0
0.0
-1.0
-2.0
US NJ
-3.0

26. Annual Growth Rate (%)
-14.0
-12.0
-10.0
2.0
-4.0
0.0
-8.0
-6.0
-2.0
90-91
91-92
92-93
93-94
94-95
95-96
96-97
97-98
98-99
99-00
00-01
01-02
02-03
03-04
04-05
05-06
06-07
Goods Producing Industries
07-08
08-09
09-10
10-11

27. Construction Projected to Drive Goods
Producing Industries Upward
40,000
36,700
30,000
Employment Change ‘10-‘20
20,000
19,900
10,000
0
-10,000
-17,400
-20,000
-30,000
Goods Producing Manufacturing Construction

28. These Industries Account for Over Half
the Projected Decline in Manufacturing
0 Machinery
M
-2,000 -3,800 Manufacturing
A
Employment Change ‘10-‘20
-4,000 N
-1,500 Computer and
U
-6,000 F -1,400 Electronic Products
-8,000 A -1,300
C -1,300 Chemical
-10,000 T
U -9,300 Manufacturing
-12,000
R Paper Manufacturing
-14,000 I
N
-16,000 G
Printing and Related
-18,000
-17,400 Support
-20,000

29. Annual Growth Rate (%)
1.0
-4.0
-3.0
-2.0
-1.0
0.0
2.0
3.0
4.0
90-91
91-92
92-93
93-94
94-95
95-96
96-97
97-98
98-99
99-00
00-01
01-02
02-03
03-04
04-05
05-06
06-07
Service Providing Industries
07-08
08-09
09-10
10-11

30. 2010 Employment and Projected Growth
By Industry Sector
Trade, Transportation & Warehousing
Education and Health
Professional and Business Services
Leisure and Hospitality
Finance and Real Estate
Other Services
0 250,000 500,000 750,000 1,000,000
2010 Employment Projected Growth

31. Industry Sectors with the Largest
Projected Employment Growth
100,000
90,800
85,600
Employment Change ‘10-‘20
75,000 69,200
50,500
50,000
25,000
0
Professional and Education and Health Trade, Transportation Leisure and
Business Services & Warehousing Hospitality

32. Healthcare will Continue to Grow, But at
a Slower Rate
600
500
400
300
2.6% 1.4%
200 Per Year Per Year
100
0
1990 2000 2010 2020
Actual Projected

33. Occupational Highlights
• 7.7% Employment Growth, 2010-
2020
• 320,300 Additional Employment
• 132,940 Average Annual Job
Openings
• Roughly ¾ of these Openings are
due to Replacement Demand.

34. Professional and Service Occupations
will Dominate Job Growth
100,000
85,500
Employment Change ‘10- ‘20
80,000 76,200
60,000
38,900
40,000 34,500
27,000 27,200
24,000
20,000 11,200
0
-4,400
-20,000
Production
Professional
Service
Office / Admin.
Install, Maint, Repair
Trans. / Mat. Moving
Mgmt., Bus., Fin.
Construction
Sales

35. Replacement Demand Will Create
Opportunities In All Major Occupational
Groups
Service 30,170
Professional 27,900
Office / Admin. 19,500
Sales 17,290
Mgmt., Bus., Fin. 14,120
Trans. / Mat. Moving 10,190
Construction 5,260
Install, Maint, Repair 4,490
Production 3,940
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000
Growth Replacement

36. Home Health Aids Lead the Way in Greatest
Projected Change in Employment By 2020
Home Health Aides 13,400
Retail Salespersons 13,300
Employment Change ‘10- ‘20
Registered Nurses 9,000
Nursing Aides, Orderlies, and Attendants 7,800
Receptionists and Information Clerks 7,400
Office Clerks, General 7,300
Landscaping and Groundskeeping Workers 6,900
Cashiers 6,500
0 5,000 10,000 15,000 20,000

37. Occupations Projected to Decline in
Employment by 2020
0
Employment Change ‘10- ‘20
-500
-1,000
-1,500
-2,000
-2,500
-3,000
-3,500
stal Service Mail Sorters, Processors, and Processing MachineExcept Special and VocationalTypists Clerks
Secondary School Teachers, Operators Processors and Education
Stock Clerks and Order Fillers Word File

38. Professional Occupations Consist of
Many Different Groups Computer and Math
Architecture and
139,400 Engineering
216,500 15%
56,100 Life, Physical, and
23% Social Sciences
6%
Community and
37,200 Social Services
65,400 4%
68,000 Legal
7%
7%
Education, Training,
and Library
38,400
311,700 Arts, Design, Entert
4% ainment, Sports, an
34% d Media
Health Care
Practitioner

39. Service Occupations Consist of Five
Groups

40. Jobs with Moderate Requirements
for Entry Will Lead the Way
Percent Growth 2010-2020
Doctoral or professional
degree
10.0%
Total High Master's degree 6.4%
Requirements
8.5%
Bachelor's degree 8.3%
Associate's degree 8.9%
Total Moderate
Requirements 10.6%
Some college, no degree 7.9%
Postsecondary non-
degree award 10.9%
Total Low
Requirements
7.2%
High school diploma or
equivalent
5.9%
0.0% 5.0% 10.0% 15.0% Less than high school 9.5%
0.0% 5.0% 10.0% 15.0%

41. Most in Demand Majors Over the Past Year

42. New Jersey Job Postings Over the Past Year

43. Companies With the Most Job Postings
Over the Past Year

44. Questions
Contact Information: Contact Information:
Chet Chinsky Frank Ferdetta
Director Bureau Chief
Division of Labor Market & Division of Labor Market & Demographic
Demographic Research Research
cchinsky@dol.state.nj.us Frank.Ferdetta@dol.state.nj.us
609-984-2593 609-292-7376