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 Summit, NJ.
Summit is home to a range of industries that offer ample career opportunities for job seekers. The finance sector plays a significant role in the city's economic landscape, providing various positions and growth possibilities. Technology and science industries also contribute to the city's progress with innovative solutions and groundbreaking research. Health care continues to be an essential industry, offering numerous employment options and improving the well-being of residents. Manufacturing businesses in Summit support economic growth by producing high-quality products and creating new jobs. Lastly, education remains a crucial component of the city's development, shaping future generations and fostering a skilled workforce. Overall, Summit provides an array of professional pathways for individuals seeking rewarding careers across multiple sectors.
In the city, employment opportunities present an appealing option for job seekers due to several favorable factors. A noteworthy aspect is that the average salary stands at $76,888, which is 11.07% higher than the national average, potentially attracting a talented workforce. The cost of living, however, is considerably above the norm, with an index indicating it to be 87.0% higher than the national median. Concerning health insurance, a considerable 69% of individuals are insured through their employers, providing financial security for many residents. Lastly, the average commute time in this urban area is approximately 36 minutes, reflecting the city's infrastructure and transportation system. These aspects combine to create an overall picture of employment conditions in the city.
In Summit, New Jersey, the local economy currently experiences an unemployment rate of 8.00%, which is above the country's average of 3.8%. Despite this higher than average unemployment rate, the city's job market is expected to witness steady growth in the coming years. Jobseekers considering Summit as a potential destination should remain optimistic about the steady job market growth while being informed about the current employment landscape.
Experience the charm of this picturesque town while exploring jobs in Summit through our platform, Joblift. Let our advanced search and Job Coach tool guide you towards finding the perfect match for your skills and experience in Summit, NJ.