Professional Documents
Culture Documents
October 2006
Preface
Acknowledgements
Employment ............................................................................................ 5
Wages ...................................................................................................... 7
Population ...............................................................................................10
Cape May
Largest Industry (2004): Retail Trade
Retail Trade Employment: 28,676
Percent of Total County Employment: 17.2%
∑ Financial activities employment in the county rose by 26.9 percent, over four times the
state’s rate of increase. Much of the gain was due to hiring by mortgage brokers, which
benefited from the housing and refinancing boom in the first half of the decade. PHH
Mortgage is headquartered in Mt. Laurel and is one of the county’s largest employers.
∑ Business and professional services payrolls expanded by 16.9 percent in the county
compared with 0.7 percent for the state. Much of this growth resulted from the ex-
pansion of office parks along Routes 38 and 73 in Mt. Laurel and Evesham townships.
∑ Manufacturing jobs in the county declined by 7.0 percent, only about a third of the
state’s rate of loss (-19.8%). Factory payrolls fared better partly because the county’s
two largest manufacturers produce unique products that are in demand. Burlington
County’s largest factory employer is Lockheed Martin, which produces electronic sur-
veillance systems for the Navy. The second-largest plant, Viking Yacht, employs 1,400
workers making luxury boats starting at $1 million.
Note: Use of an index facilitates comparison between two separate data elements.
Burlington County and New Jersey Burlington County and New Jersey
Total Private Sector Employment: 1999-2004 Construction Employment: 1999-2004
115 120
115
110
110
105 105
100
100
95
(1999=100) (1999=100)
95 90
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
Burlington County and New Jersey Burlington County and New Jersey
Manufacturing Employment: 1999-2004 Trade, Transportation & Utilities Employment: 1999-2004
120 115
110
110
100
105
90
100
80
(1999=100)
(1999=100)
70 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
Burlington County and New Jersey Burlington County and New Jersey
Information Employment: 1999-2004 Financial Activities Employment: 1999-2004
120 140
110 130
100 120
90 110
80 100
(1999=100) (1999=100)
70 90
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
120 120
115 115
110 110
105 105
100 100
(1999=100) (1999=100)
95 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
Burlington County and New Jersey Burlington County and New Jersey
Leisure & Hospitality Employment: 1999-2004 Other Services Employment: 1999-2004
125 125
120 120
115
115
110
110
105
105
100
100 95
(1999=100) (1999=100)
95 90
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004
170,000
B
165,000 B
B
160,000 B
155,000
B B
150,000
145,000
1999 2000 2001 2002 2003 2004
Burlington County
Private Sector Employment by Industry: 1999 & 2004
Construction
Manufacturing
Trade/Transp./Utilities
Information
Financial Activities
Prof./Business Services
Educ./Health Services
Leisure/Hospitality
Other Services
2004 1999
∑ Trade, transportation and utilities was Burlington County’s largest sector in 2004,
employing 28.4 percent of workers in the private sector. Although this sector has
lost employment share since 1999 when it accounted for 29.8 percent of payrolls,
the number of jobs in the county’s stores and distribution centers increased dur-
ing this time (+2,400).
3,000
2,500
2,000
1,500
1,000
500
0
-500
-1,000
-1,500
Construction Manufact- Trade/ Information Financial Prof./ Education/ Leisure/ Other
uring Transport./ Activities Business Health Hospitality Services
Utilities Services Services
∑ The financial activities sector added the most jobs (+4,200). Employment rose partly
because mortgage brokers added workers during this time when interest rates on
loans were low and homes were selling across the nation at a rapid pace. Another
factor was the growth of Commerce Bank which grew from a local bank with several
dozen branches to a company with over 400 locations, extending from New England
to Florida. Several “community banks” or small locally-based banks that emphasize
low fees and customer service also added branches and staff.
Source: Local Employment Dynamics (LED) data from the US Census Bureau.
∑ Within each of Burlington County’s sectors, new jobs were created, while other posi-
tions were eliminated. In 2004, the sector with the most new job openings was trade,
transportation and utilities (+11,100). Many of these openings were in the highly com-
petitive retail trade component where new stores often draw customers away from
older establishments. Job contraction due to retail business closings and staff re-
ductions produced a loss of 9,000 jobs, leaving a net gain of 2,100 positions.
$41,518
$40,094
$40,000 $39,465
$38,558
$37,337
$35,602
$35,000
$30,000
$25,000
1999 2000 2001 2002 2003 2004
∑ Between 1999 and 2004, Burlington County’s private sector average annual wage in-
creased by 16.6 percent. The largest single-year increase, 4.9 percent or $1,735
occurred in 2000. In 2004, Burlington County’s annual average private sector wage
was 87.2 percent of the statewide wage ($47,639).
Construction
Manufacturing
Trade/Transp./Utilities
Information
Financial Activities
Prof./Business Services
Education/Health Services
Leisure/Hospitality
Other Services
∑ In 2004, the industries in the county with the highest average annual private sector
wages were information ($63,471), manufacturing ($56,778) and financial activities
($55,350). All of these industries had lower average annual wages in the county than
in the state.
∑ Personal
1999 2000 2001 2002 2003 2004
income is made up of several
components,When compared with the New Jersey $ Burlington
state in 2004, Burlington County residents
derived a higher percentage of personal income from net earnings (75.0 % vs. 72.5%) and
smaller percentages from dividends, interest and rent (13.2% vs. 15.2%) and from trans-
fer payments (11.8% vs. 12.4%). This is because of the concentration of middle-income
working people in the county’s suburban communities. Compared with the state, Social
Security benefits accounted for a larger percentage of the county’s transfer payments
Unemployment Rates
Burlington County and New Jersey ∑ Burlington County’s diverse economy has
Unemployment Rate Trends: 1999 — 2005 enabled it to consistently maintain an un-
7.0 employment rate below that of the state.
6.0
B B
∑ From 1999 to 2005, the county’s labor
5.0
B J J B force grew by 10,900 or 4.7 percent, com-
B J B pared with 3.1 percent growth in the
4.0
B J J state’s civilian labor force. This expansion
3.0
J J was fueled mainly by the influx of new resi-
dents into the county.
2.0
1999 2000 2001 2002 2003 2004 2005
Burlington County
Unemployment Insurance Claimants: 2004-2005
2004 2005
Annual Annual Change 2004-2005
Category Average Average Number Percent
Total Insured Unemployed 3,603 3,410 -193 -5.4
By Gender
Male 2,021 1,950 -71 -3.5
Female 1,582 1,460 -122 -7.7
By Race
White 2,471 2,292 -179 -7.2
Black 801 805 4 .5
Asian 70 65 -6 -7.9
Other 261 248 -13 -5.0
By Ethnicity
Hispanic 269 230 -39 -14.6
Not Hispanic 3,154 2,977 -178 -5.6
Chose Not To Answer 180 203 24 13.3
By Age of Claimant
Under 25 279 343 64 23.1
25 through 34 804 762 -42 -5.2
35 through 44 956 918 -38 -4.0
45 through 54 821 762 -60 -7.3
55 through 64 532 448 -84 -15.8
65 and over 212 177 -34 -16.2
By Industry
Construction 380 405 25 6.6
Manufacturing 376 304 -72 -19.1
Trade, Transportation and Utilities 811 764 -47 -5.8
Wholesale Trade 209 188 -21 -10.0
Retail Trade 438 409 -29 -6.6
Information 102 60 -41 -40.5
Financial Activities 254 188 -65 -25.7
Professional and Business Services 541 541 0 -0.1
Educational and Health Services 445 427 -18 -4.0
Leisure and Hospitality 211 208 -3 -1.3
Other Services 257 195 -61 -23.9
∑ In 2005, the sectors in the county in which the largest number of unemployment insur-
ance claimants were last employed were trade, transportation and utilities (764), pro-
fessional and business services (541) and educational and health services (427). The
sectors that recorded the largest percentage declines in claimants over the year were
information (-40.5%), financial activities (-25.7%) and other services (-23.9%).
nationally (+3,700).
440,000
420,000
400,000
2002* 2007** 2012**
*estimate **projection
0
0-14 15-24 25-44 45-64 65+
2002* 2012**
*estimate **projection
∑ It is likely that much of the projected increase in administrative and support services
will be for workers hired through employment agencies as companies rely more on
temporary staff. The increase in social assistance employment is likely to be at non-
profit organizations that provide services and assistance to those in need.
∑ Government on all levels are likely to outsource more work to private companies in
order to reduce costs. Privatization is expected to result in employment declines at
the federal government. Some of these losses are projected for the US Postal Ser-
vice, while most will be at other federal employers, such as civilian positions at Fort
Dix and McGuire Air Force Base. The county and municipalities are also expected to
reduce staffing as more services are privatized.
∑ Burlington County is projected to have 8,040 job openings per year through 2012. The
county’s top 20 ranked occupations by annual job openings are anticipated to account for
38.1 percent of all annual job openings.
∑ Overall, 23.8 percent of Burlington’s annual job openings are projected to have high
educational and training requirements. However, many of the top-ranking occupations by
annual openings have a lower skills level and a good outlook. Many of these are for entry-
level positions created by the need for “replacement workers”, or workers to fill job
vacancies created as members of the workforce retire or change occupations.
Burlington County
∑ Non-Hispanics are projected to account
Projected Labor Force Growth by for about four-fifths of the labor force
Hispanic Origin, 2002 - 2012 gain. Although Hispanics are expected to
account for 20.1 percent to the gain, the
Hispanic
rate of growth of the Hispanic labor force
20.2% (+68.2%) is projected to be significantly
higher than for the non-Hispanic labor
Non-Hispanic force (+10.0%).
79.8%