With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Newark, NJ.
Newark stands as a city with a strong presence in industries such as insurance, banking, and education. These sectors have contributed to the growth and development of the city over time. The insurance industry offers various opportunities for jobseekers, while the banking sector is known for its stability and rewarding careers. Furthermore, the education sector has been influential in shaping Newark's future by providing valuable resources and training for individuals seeking personal and professional advancement. Overall, the city presents a diverse range of opportunities in these key industries for those looking to build their careers.
The city offers a promising environment for employment, with an average salary of $74,061, which is 6.98% above the national average. This higher-than-average income complements the cost of living in the city, which is 23.0% more than the typical American city. Commuting to work takes approximately 34.5 minutes on average, and many residents receive health insurance from their employers, accounting for about 34% of the population. Given these factors, the city presents a compelling option for jobseekers considering relocation.
In Newark, NJ, the local economy currently experiences an unemployment rate of 13.00%, which is above the country's average of 3.8%. This notable difference reflects certain challenges within the job market in this particular city. However, it is important to consider that the future job market growth in Newark is projected to be moderate. Consequently, this indicates a potential for improvement and expansion in various employment sectors. Overall, the economic landscape in Newark presents a combination of current difficulties and anticipated growth.
Explore the job opportunities in Newark by utilizing Joblift, our advanced job board that matches your skills and experience with the perfect role. Don't miss out on the chance to find your next career step; search for jobs in Newark today using Joblift's AI-driven platform and Job Coach tool.