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Central Regional

Community Fact Book

Monmouth County Edition

New Jersey Department of Labor
and Workforce Development

Division of Labor Market and
Demographic Research

December 2005
Preface

T he Regional Community Fact Book for Monmouth County provides a
snapshot of its people and its economy. Included are facts and fig-
ures on current industry trends, population, unemployment and income. The
Fact Book also provides a look into the future and provides the latest popu-
lation, labor force, industry and occupational projections.

The Regional Community Fact Book series is meant to be a reference
for use in local and regional economic development planning and for employ-
ment and training providers. Fact Books will be published annually for New
Jersey’s 21 counties, grouped into three regions (northern, central and
southern).

Acknowledgements

T his publication was prepared by Michael Dugan and Vin Samuel of
the Bureau of Labor Market Information, Division of Labor Market
and Demographic Research. Layout was done by Chester S. Chinsky.

Questions regarding information contained in this publication should be
directed to Michael Dugan by phone at (609) 633-6425 or by e-mail:
michael.dugan@dol.state.nj.us.

To obtain copies of this publication or other county editions, please
contact Lester Wright by phone at (609) 292-7567 or by e-mail:
lester.wright @dol.state.nj.us.
Table of Contents

County Snapshot .................................................................................... 1

Industry Trends, Monmouth vs. New Jersey ................................ 2

Employment ............................................................................................ 5

Employment Gains and Losses ........................................................... 6

Wages ...................................................................................................... 7

Per Capita Personal Income ............................................................... 8

Unemployment Rates ........................................................................... 8

Characteristics of the Unemployed ................................................. 9

Population ...............................................................................................10

Population Projections ......................................................................... 11

Industry Projections ...........................................................................12

Projected Occupational Demand.......................................................13

Labor Force Projections .....................................................................14
County Snapshot
Central Region
Population (July 1, 2004 estimate): 636,300
Change from Census 2000: +21,000 or + 3.4%
Somerset Percent of New Jersey Total: 7.3%
Middlesex

Mercer Monmouth
Total Private Sector
Employment (2004): 210,600
Percent of New Jersey Total: 6.4%
Ocean
Change from 1999: +19,600

Largest Industry (2004): Retail Trade
Retail Trade Employment: 38,700
Percent of Total County Employment: 18.4%

Private Sector Wage (2004 annual average): $41,600
Percent of New Jersey Average: 87.4%
Change From 1999: +$4,700

Industry With Highest Average Annual
Wage (2004): Management of Companies: $77,700

Per Capita Personal Income (2003): $43,400
Percent of New Jersey Per Capita Income: 109.8%

Number of Unemployment Insurance Claimants (2004, annual average)
average): 5,718

Unemployment Rate (2004, annual average): 4.3%
5-year High (2002 & 2003): 5.3%
5-year Low (2000): 3.2%
New Jersey Rate (2004): 4.8%

Building Permits (single-family residential,2004): 2,202
Rank Among New Jersey Counties: 2

Monmouth County Community Fact Book 1
Industry Trends, Monmouth vs. New Jersey
y While New Jersey entered a recession in 2000, Monmouth County employment contin-
ued its upward momentum. The county’s payrolls increased by 10.3 percent compared
to 0.6 percent for New Jersey from 1999 to 2004.

y From 2002 to 2003, employment in Monmouth County’s manufacturing sector rebounded
after declining from 1999 through 2002. However, the upturn was short-lived with
factory levels falling between 2003 and 2004.

y In addition to manufacturing, these employment sectors in Monmouth have continually
outperformed the state’s growth since 1999: trade, transportation and utilities, finan-
cial activities and leisure and hospitality.

y Professional and business services employment in Monmouth County outperformed the
state from 1999 to 2001 then lagged for the next two years. This sector that covers
a broad range of businesses from providers of legal, accounting, computer and engi-
neering services to janitorial, security and temporary help services rebounded faster
than the state from 2003 to 2004.

Note: Use of an index facilitates comparison between two separate data elements.

Monmouth County and New Jersey Monmouth County and New Jersey
Total Private Sector Employment: 1999-2004 Construction Employment: 1999-2004
112 125

110 120
108
115
106
110
104
105
102

100 100
(1999=100) (1999=100)
98 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004

Monmouth New Jersey Monmouth New Jersey

2 New Jersey Department of Labor and Workforce Development
Industry Trends, Monmouth vs. New Jersey

Monmouth County and New Jersey Monmouth County and New Jersey
Manufacturing Employment: 1999-2004 Trade, Transportation & Utilities Employment: 1999-2004
105 115

100
110
95

90 105

85
100
80
(1999=100) (1999=100)
75 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004

Monmouth New Jersey Monmouth New Jersey

Monmouth County and New Jersey Monmouth County and New Jersey
Information Employment: 1999-2004 Financial Activities Employment: 1999-2004
110 130

125
100
120

115
90
110

105
80
100
(1999=100) (1999=100)
70 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004

Monmouth New Jersey Monmouth New Jersey

Monmouth County Community Fact Book 3
Industry Trends, Monmouth vs. New Jersey

Monmouth County and New Jersey Monmouth County and New Jersey
Professional & Business Services Employment: 1999-2004 Education & Health Services Employment: 1999-2004
115 120

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

Monmouth New Jersey Monmouth New Jersey

Monmouth County and New Jersey Monmouth 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
(1999=100) (1999=100)
95 95
1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004

Monmouth New Jersey Monmouth New Jersey

4 New Jersey Department of Labor and Workforce Development
Employment
Monmouth County
Total Private Sector Employment: 1999 — 2004
215,000

210,000 B
B
205,000 B
B
200,000

195,000 B
190,000
B

185,000
1999 2000 2001 2002 2003 2004

y As the county’s excellent location and growing population continued to attract new
businesses, private-sector nonagricultural employment in Monmouth County increased
by 19,600 from 1999 to reach 210,600 jobs in 2004 (latest available).

Monmouth County
Total 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

0 10,000 20,000 30,000 40,000 50,000 60,000

2004 1999

y Due to the great presence of retail establishments in the county, trade/transporta-
tion and utilities employment in 2004 was the largest sector (54,500) followed by
education and health services (37,800) and professional and business services (33,400).
The information sector (7,600) was the smallest.

Monmouth County Community Fact Book 5
Employment Gains and Losses
Monmouth County, Private Sector
Job Growth by Industry: 1999 — 2004
6,000

5,000

4,000

3,000

2,000

1,000

0

-1,000

-2,000

-3,000
Construction Manufact- Trade/ Information Financial Prof./ Education/ Leisure/ Other
uring Transport./ Activities Business Health Hospitality Services
Utilities Services Services

y The county’s service-providing sector accounted for the majority of the increase in
jobs from 1999 to 2004 with trade, transportation and utilities (+5,300), leisure and
hospitality (+4,700) and education and health services (+4,000) leading the way. In-
formation payrolls decreased the most (-2,600), mainly due to consolidation and re-
trenchment at AT&T, Lucent and other telecommunications companies in the wake of
the “dot. com” market correction in 2000.

Monmouth County, Private Sector
Gains, Losses and Net Growth by Industry: 2003
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
-500
-1,000
Construction Manufact- Trade/ Information Financial Prof./ Education/ Leisure/ Other
uring Transport./ Activities Business Health Hospitality Services
Utilities Services Services

GAINS LOSSES NET

Source: Local Employment Dynamics (LED) data from the US Census Bureau.

y Even with net losses, industries can generate significant numbers of job openings
during a year. In 2003 (latest data available), trade/transportation/utilities gener-
ated more than 4,500 openings. Professional and business services and leisure and
hospitality each generated about 2,500 job openings.

6 New Jersey Department of Labor and Workforce Development
Wages
Monmouth County, Private Sector
Average Annual Wage: 1999 — 2004
$44,000

$42,000 $41,623
$40,826
$40,000 $39,585 $39,800
$38,939
$38,000
$36,916
$36,000

$34,000

$32,000

$30,000
1999 2000 2001 2002 2003 2004

j Monmouth County’s annual average private sector wage rose to $41,623 in 2004, an
increase of 12.8 percent from 1999. In comparison, the state’s annual wage increased
to $47,600 in 2004, a jump of 16.7 percent.

j One factor is largely responsible for the county’s annual average wage being lower
than the state’s: the county has greater percentages of its employment in the leisure
and hospitality industry (12.3% for the county vs. 9.8% for the state) as well as in
retail trade (18.4% vs. 14.2%). Wages in these industries tend to be lower than in many
other industries.

Monmouth County and New Jersey, Private Sector
Average Annual Wage by Industry: 2004
Total Private Sector

Construction

Manufacturing

Trade/Transp./Utilities

Information

Financial Activities

Prof./Business Services

Education/Health Services

Leisure/Hospitality

Other Services

$0 $20,000 $40,000 $60,000 $80,000

Monmouth County New Jersey

j Workers in the information sector received the highest annual earnings ($77,300)
followed by professional/business services employees ($59,900). One reason for the
higher salaries in these two industries is high-skill job requirements. Financial activi-
ties ranked third ($55,050). Construction ($54, 970), which requires workers with
specialized skills, but not necessarily education beyond high school was also high pay-
ing . Leisure and hospitality had the lowest earnings ($16,800) due to the part-time
nature of many of the jobs.
Monmouth County Community Fact Book 7
Per Capita Personal Income
y In 2003, Monmouth had a per capita
Monmouth County and New Jersey
personal income (PCPI) of $43,400,
Per Capita Personal Income: 1998 — 2003
ranking 5th in the state and 41st $50,000

among the 3111 counties in the US. The
$45,000
county’s PCPI was 10 percent above the
state average of $39,600, and 38 per- $40,000
$
$ $ $
cent above the national average of
$31,500. The 2003 PCPI increased 1.3
$35,000
$ $
percent from 2002. The 2002-2003 $30,000

state change was 1.5 percent and the
$25,000
national change was 2.2 percent. 1998 1999 2000 2001 2002 2003

y Even though Monmouth County’s aver- Monmouth
$ New Jersey

age wage was lower than the state and
their population growth rates were identical (+0.7%) from 2002-2003, two of the three
major components of personal income were better than the state making Monmouth’s
PCPI higher: dividends, interest and rent decreased 2.3 percent countywide (-2.6%,
statewide) and personal current transfer receipts (such as welfare benefits, social se-
curity and veteran’s benefits) increased 3.8 percent (+2.1%, statewide). From 2002 to
2003, net earnings rose 2.8 percent in the county vs. 3.4 percent in the state.

Unemployment Rates

Monmouth County and New Jersey
y Monmouth County’s economic strength
kept its annual unemployment rate be-
Unemployment Rate Trends: 1998 — 2004
7.0 low that of the state from 1998 to
6.5
2004.

6.0
B B
y Population growth in Monmouth County
5.5
J J contributed to an increase in the size
5.0 B
B B of its civilian labor force. From 1998 to
4.5
B J 2004, the county’s labor force ex-
4.0 J J
3.5
B J
panded by 14,400 or 4.7 percent, com-
pared with a growth rate of 3.9 per-
3.0
J cent for the state.
1998 1999 2000 2001 2002 2003 2004

B New Jersey J Monmouth

8 New Jersey Department of Labor and Workforce Development
Characteristics of the Unemployed
Monmouth County
Unemployment Claimants: 2003-2004
2003 2004
Annual Annual Change 2003-2004
Category Average Average Number Percent
Total Insured Unemployed 6327 5718 -609 -9.6
By Gender
Male 3726 3316 -410 -11.0
Female 2601 2401 -199 -7.7
By Race
White 4731 4271 -461 -9.7
Black 869 841 -28 -3.2
Asian 234 175 -59 -25.3
Other 492 431 -62 -12.5
By Ethnicity
Hispanic 482 480 -2 -.5
Not Hispanic 5411 4912 -500 -9.2
Chose Not To Answer 434 326 -107 -24.7
By Age of Claimant
Under 25 245 349 104 42.6
25 through 34 1271 1145 -125 -9.9
35 through 44 1729 1459 -270 -15.6
45 through 54 1637 1455 -182 -11.1
55 through 64 1050 954 -95 -9.1
65 and over 396 356 -40 -10.1
By Industry
Construction 776 731 -45 -5.9
Manufacturing 450 407 -43 -9.5
Trade, Transportation and Utilities 1268 1190 -79 -6.2
Wholesale Trade 319 251 -68 -21.2
Retail Trade 700 654 -46 -6.5
Information 312 269 -43 -13.8
Financial Activities 369 358 -10 -2.8
Professional and Business Services 993 887 -106 -10.7
Educational and Health Services 621 643 22 3.5
Leisure and Hospitality 453 503 50 11.0
Other Services 114 130 16 14.5
Government and Other 971 600 -371 -38.2

y As the economy improved, the number of Monmouth County unemployment insurance
claims dropped by 609 from 2003 to 2004. This represented an improvement of al-
most 10 percent. Declines in the number of claims by males (-410 or -11%), whites (-461
or -9.7%) and 35 through 44-year olds (-270 or -15.6%) led the way.

y The largest improvement in the number of unemployment insurance claims from 2003
to 2004 occurred in “government and other” (-371 or -38.2%), professional and busi-
ness services (-106 or -10.7%) and trade, transportation and utilities (-79 or -6.2%).
Although relatively small in volume, the largest upturns in the number of average claims
occurred in leisure and hospitality (+50) and education and health services (+22).

Monmouth County Community Fact Book 9
Population
y From 1970 through 2004, Monmouth Monmouth County
County’s population grew by 174,500 to Total Population: 1970 — 2004
700,000
reach a total of 636,300 in 2004, outpac- 650,000
ing the growth rate of the state (37.8% 600,000
vs. 21.3%). The county’s rapid population 550,000

growth over the past four years resulted 500,000

from both natural increment (births in ex- 450,000
400,000
cess of deaths: +10,990) and net migration
350,000
into the county (+10,275).
300,000
250,000
200,000
1970 1980 1990 2000 2004

Monmouth County y In Monmouth County, whites comprised
Racial/Hispanic Origin: 2000 - 2004 85.8 percent of the 2004 population com-
Percent Percent pared with 76.9 percent for the state.
Race in 2000 in 2004
Blacks represented 8.2 percent of the
White 84.4 85.8
county population compared with 14.5 per-
Black 8.1 8.2
Asian 4.0 4.8 cent in New Jersey. Hispanics made up 7.3
Multiracial 0.0 1.1 percent of the county population while hold-
American Indian/Alaska Native 0.1 0.2 ing 14.9 percent of the state’s population.
Native Hawaiian/Pacific Islander 0.0 0.0
Total* 100.0 100.0
Hispanic Origin (may be of any race) 6.2 7.3
* May not add to 100% due to rounding

y Since the 1970s, much of the population Monmouth County
growth in Monmouth County has taken Ten Largest Municipalities
place in the western part of the county Rank Municipality Population
where the availability of underdevel- 1 Middletown Township 68,185
oped land is greatest. Residential devel- 2 Howell Township 50,320
opment flourished in municipalities such as 3 Marlboro Township 39,780
Howell, Marlboro, Manalapan and Freehold 4 Manalapan Township 36,988
townships. 5 Freehold Township 33,853
6 Long Branch City 31,526
7 Neptune Township 28,207
8 Ocean Township 27,379
9 Wall Township 26,267
10 Hazlet Township 21,226

10 New Jersey Department of Labor and Workforce Development
Population Projections
y Monmouth County’s population is expected Monmouth County
to increase by 62,900 from 2002 to 2012. Population Projections: 2002 — 2012
700,000
The county is projected to grow at a faster
rate than the state (10.0% vs. 8.1%) and, 650,000

as a result, will retain its ranking as the
600,000
fourth most populous county in the state.
550,000

500,000

450,000

400,000
2002* 2007** 2012**
*estimate **projection

Monmouth County
y The smallest age group, 15-24 years, is ex-
Projections for Select Age Groups: 2002 — 2012 pected to grow the fastest (+27.6%) while
250,000 the largest age group in the county, 45-64
200,000
years, is projected to increase the second
fastest at 26.6 percent for a total of
150,000
203,900 in 2012. The 25-44 age group is
100,000 expected to decrease the most (-11,400)
with the fastest rate of decline (-6.3%).
50,000

0
0-14 15-24 25-44 45-64 65+

2002* 2012**
*estimate **projection

y From 2002 to 2012, Monmouth County’s Monmouth County
population is expected to become increas- Projected Population Growth
ingly diverse. The population of both “other by Race: 2002 — 2012
60
races” (+55.6%, includes Asian, American
50
Indian/Alaska Native, and Native Hawai-
ian/Pacific Islander) and the multi-racial 40
Percent

category (+28.3%) are projected to grow 30
much faster than their black (+6.5%) and
20
white (+7.7%) counterparts.
10

0
Black White Other Races Multi-Racial

Monmouth County Community Fact Book 11
Industry Projections
Monmouth County, 2002 - 2012
Ten Industries with the Greatest Employment Growth
Change: 2002-2012
2002 2012 Percent
Industry Title Jobs Jobs Number Total Annual
Professional and technical services 21,200 28,200 7,000 33.1 2.8
Ambulatory health care services 12,450 17,450 5,000 40.4 3.3
Administrative and support services 11,400 15,050 3,600 31.7 2.7
Social assistance 4,950 7,650 2,700 53.9 4.2
Food services and drinking places 18,550 20,950 2,400 12.9 1.2
Hospitals 10,250 12,200 1,950 19.0 1.7
Educational services 6,900 8,650 1,800 25.8 2.3
Nursing and residential care facilities 6,200 8,000 1,800 28.7 2.5
Amusements, gambling, and recreation 4,450 6,250 1,800 40.8 3.4
Local government educational services 17,550 19,300 1,750 9.9 0.9

y From 2002 to 2012, Monmouth County is projected to add over 40,600 new jobs. Total
nonfarm employment is expected to increase 15.9 percent compared with the 12.0
percent increase projected for New Jersey.

y It is projected that the ten service-producing industries depicted in the table above
will account for 29,800 or over 73 percent of Monmouth County’s new jobs during
2002-2012.
Monmouth County, 2002 - 2012
Ten Industries with the Greatest Employment Declines
Change: 2002-2012
2002 2012 Percent
Industry Title Jobs Jobs Number Total Annual
Federal government, excluding postal servi 6,300 5,550 -750 -12.0 -1.3
Computer and electronic product manufact 2,300 1,800 -450 -20.4 -2.3
Telecommunications 4,950 4,500 -450 -9.2 -1.0
Postal service 2,200 2,000 -250 -10.6 -1.1
Chemical manufacturing 2,000 1,850 -150 -6.9 -0.7
Plastics and rubber products manufacturin 950 800 -150 -16.3 -1.8
Local government, excl. hospitals & schools 11,400 11,250 -150 -1.5 -0.1
Food manufacturing 650 550 -100 -14.1 -1.5
Fabricated metal product manufacturing 900 800 -100 -12.6 -1.4
Machinery manufacturing 350 250 -100 -22.2 -2.5

y The majority (60%) of the top ten industries projected to experience declines in
employment during 2002-2012 fall in the manufacturing sector.
y A similar economic situation within manufacturing is expected in the county and the
state where, from 2002 to 2012, the five highest projected job declines statewide
are also included in the area’s top ten industries with the greatest employment de-
clines listed above.

12 New Jersey Department of Labor and Workforce Development
Projected Occupational Demand
Monmouth County
Occupations With The Most Projected Job Openings, 2002-2012
2004
Annual Average Job Openings Annual Skill
1 2
Occupation Total Growth Replacements Wage Level Outlook
Cashiers 580 150 430 $18,150 Low Good
Retail Salespersons 550 150 400 24,580 Low Good
Waiters and Waitresses 350 80 270 16,090 Low Good
Combined Food Prep &
Srvng Wrkrs, inc. Fast Food 330 100 230 15,890 Low Good
Registered Nurses 300 190 110 59,440 High Good
Office Clerks, General 220 60 160 24,100 Low Good
Teacher Assistants 210 130 80 19,110 Low Good
Janitors & Cleaners, Except
Maids & Housekeeping Clnrs 190 90 100 23,110 Low Good
General & Operations Mngrs 140 70 70 113,800 High Good
Receptionists & Information Clerks 130 80 50 22,640 Low Average
Medical Secretaries 130 70 60 27,240 Moderate Good
Landscaping &
Groundskeeping Workers 120 60 60 26,850 Low Good
First-Line Supervisors/
Mgrs of Retail Sales Wrkrs 120 50 70 44,740 Moderate Average
Business Operations
Specialists, All Other 120 50 70 60,430 High Average
Fitness Trainers &
Aerobics Instructors 110 70 50 39,520 Moderate Average
Child Care Workers 110 50 60 18,470 Low Average
Nursing Aides, Orderlies
& Attendants 100 60 40 24,840 Low Good
Secondary School Teachers,
Exc Spcl & Vctnl Education 100 40 60 54,740 High Average
Computer Software
Engineers, Applications 90 70 20 81,620 High Good
Preschool Teachers,
Except Special Education 80 60 20 26,850 High Average
1. "Growth" and "Replacements" may not add to "Total" due to rounding.
2. High Skills: Associate's degree or higher.
Moderate Skills: Long-term on-the-job training, work experience or post secondary/vocational/technical training.
Low Skills: Short-term or moderate-term on-the-job training, including up to 12 months of on-the-job experience and informal training.

y Monmouth County is projected to have 11,000 annual job openings per year through
2012, or 7.2 percent of statewide annual openings. The county’s top twenty ranked
occupations by annual job openings are anticipated to account for over 37 percent of
all annual job openings.
y Most of the occupations having high replacement needs tend to have lower skills and
lower wages. However, jobs such as cashiers, retail salespersons and waiters and wait-
resses are in demand in the county and have a good outlook. In comparison, four of the
high skills jobs listed are among the occupations with the highest annual wages.

Monmouth County Community Fact Book 13
Labor Force Projections
y Whites are expected to make up the major- Monmouth County
ity (65%) of the change to Monmouth Projected Labor Force Growth
County’s labor force between 2002 and 2012. by Race, 2002 - 2012
The “other races” category is expected to
make up nearly one quarter of projected la-
bor force growth. Other Races
Multi-Racial 24%

y Note: Multi-racial refers to persons who 2% White
are of two or more races. “Other races” in- 8% 65%

cludes Asian, American Indian/Alaska Na- Black

tive, and Native Hawaiian/Pacific Islander.

Monmouth County
y More non-Hispanic than Hispanic persons
will be added to the county’s labor force
Projected Labor Force Growth by
Hispanic Origin, 2002 - 2012
from 2002 to 2012 (63.2% vs. 36.8%).

Hispanic
36.8%
63.2%
Non-Hispanic

y More than half (53.7%) of the net addition Monmouth County
in Monmouth County’s labor force is pro- Projected Labor Force Growth by
jected to be female from 2002 to 2012. The Gender, 2002 - 2012
projected female growth rate in the county
labor force is 13.1 percent versus the state’s
10.5 percent.
Male Female
46.3% 53.7%

14 New Jersey Department of Labor and Workforce Development