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 Paterson, NJ.
Paterson is home to a diverse range of industries, providing ample job opportunities for those seeking employment. Among the key areas are manufacturing, health care, retail, transportation, and administrative support services. Waste management services also contribute significantly to the economic landscape within this city. With such a wide array of sectors, Paterson offers potential jobseekers various options to explore when considering their next career move.
In the city, employment opportunities present a unique landscape for job seekers. With an average salary of $60,063, earnings are approximately 13.24% below the national average. A significant portion of the population, 29%, receives insurance coverage through their employers. The cost of living index reveals that expenses are approximately 18% higher than average, which may impact financial considerations for those seeking work in the area. As residents commute daily for 24.5 minutes on average, transportation plays a notable role in the employment experience within this urban setting.
In Paterson, New Jersey, the local economy currently experiences an unemployment rate of 14.80%, which is above the average national rate of 3.8%. Despite this higher than average unemployment situation, the city anticipates a moderate future job market growth. This indicates that while current employment opportunities may be limited, there is optimism for improvement in the workforce landscape over time. Ultimately, Paterson's job market demonstrates resilience and potential for progress in the coming years.
Paterson is a city with a rich history and growing opportunities for job seekers. To find jobs in Paterson, utilize Joblift's advanced search features and Job Coach tool to uncover the perfect match for your skills and experience.