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Multiple N.J. counties showing signs of employment, wage increases

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Wages grew in seven of the 15 largest counties in New Jersey over the year in the fourth quarter of 2013, according to a study conducted by the U.S. Bureau of Labor Statistics released Thursday.

The study found that of the increases, Union County represented the largest growth with 5.2 percent, while Morris County came in second with 5 percent gains.

Ocean and Bergen counties were the only counties in the Garden State to post increase above the national job growth rate average, showing an increase of 1.8 percent and 3.0 percent respectively.  However, employment did grow in 10 of the state’s largest 15 counties.

Eleven of the state’s large counties posted wages exceeding the national average of $1,000 a week, with wages in Morris and Somerset counties rising above $1,400. Seven of the state’s counties reported losses in 2013, with Ocean County declining by 1.8 percent and Bergen declining by 2.7 percent.

The counties with the greatest loss in employment were Passaic (-0.8 percent) and Atlantic (-0.9 percent).

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Andrew Sheldon

Andrew Sheldon

Andrew Sheldon covers technology and education. His email is andrews@njbiz.com and he is @AndrewsNJBIZ on Twitter.

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mrdirt August 15, 2014 7:38 am

Latest Census figures from 2008 to 2012 show that a typical household earned $53,000. Per capita income in the last 12 months came in at $28,000. This tends to surprise people especially with the high cost of living that has been brought on by the slow process of inflation. One of the better ways for looking at average income is by going into Social Security figures since this looks at all income earned in the country. According to the latest Social Security figures the average salary in the US is $44,321. Yet Social Security income data comes with a cap at $117,000 for 2014, the maximum taxable earnings limit. The average income in the US according to the Census is $81,400 and this goes beyond the Social Security cap rates. That however is a big difference from the per capita income of $28,000 being reported by the Census. Why? Well the Social Security and Census data for averages also looks at high income earners that will certainly skew income figures to the higher end, much more so in Census figures. For the purposes of economic discussion, the most important income figures are per capita income and household median income. For a consumption based economy, what does it say when the average American is not seeing their income grow?

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