Unlike other parts of the country, there is not a job shortage in Newark, according to “Bridging the Two Americas: Employment and Economic Opportunity in Newark and Beyond.” But of Newark’s approximately 136,979 jobs, only 18 percent are held by local residents. And those jobs tend to be low paying or part time with less than desirable working conditions.
Among all employed Newark residents, 28 percent hold jobs paying less than $15,000 annually (these are part-time positions); 41 percent earn between $15,000 and $40,000 per year; but only 31 percent earn more than $40,000 annually. This means that 69 percent of Newark residents earn less than $40,000, and that many of them are working and still living in poverty.
The report was prepared by the New Jersey Institute for Social Justice.