Job Market in Cherry Hill
Cherry Hill, NJ, is experiencing a dynamic job market in 2024, driven by its strategic location near major urban centers and a diverse economic base. The city's economy is bolstered by key industries such as healthcare, retail, and technology, which are pivotal to its growth. Recent infrastructure developments and business expansions have further enhanced Cherry Hill's appeal as a thriving employment hub. The job market in Cherry Hill is expected to grow steadily, with emerging sectors like renewable energy and logistics gaining traction.
Top Industries in Cherry Hill
Cherry Hill is home to a range of industries that are key drivers of the city's economy. Some of the top industries in Cherry Hill include:
Healthcare
Retail
Technology
Education
Employment Trends and Growth Rates
Cherry Hill is witnessing a steady increase in job opportunities, particularly in the healthcare and technology sectors. The local job market is characterized by a moderate job growth rate, with technology and logistics showing the most promise. Income inequality remains a concern, with the Gini index reflecting disparities similar to the national average. There is a noticeable trend towards higher job turnover in retail and hospitality, while healthcare and tech sectors maintain stability.
Job Market for Remote and Freelance Workers in Cherry Hill
Remote work is becoming increasingly popular in Cherry Hill, with approximately 35% of the workforce engaged in remote roles. The technology and marketing sectors are leading the way in offering remote positions, with local companies like Comcast providing flexible work options. City-specific job boards and platforms are facilitating the search for remote opportunities, aligning with national growth trends in remote employment.
Job Resources and Networking
Cherry Hill offers a variety of job resources, including local job boards and career fairs. Notable resources include the Cherry Hill Public Library's career development programs and the Camden County Workforce Development Board. Local job boards such as CherryHillJobs.com provide tailored opportunities for residents. Entrepreneurial hubs and incubators in the region support tech startups and innovation.
Property Prices Rankings
The Property Prices Rankings for the United States evaluate affordability and investment potential using indices like the Price to Income Ratio, Mortgage as a Percentage of Income, Loan Affordability, Price to Rent Ratio, and Gross Rental Yield.
"Key Takeaways"
Healthcare and technology are the top growing industries in Cherry Hill, with significant job opportunities.
Remote work is on the rise, with many local companies offering flexible work arrangements.
Cherry Hill offers robust job resources, including local job boards and career development programs.
Tips for Job Seekers in Cherry Hill
Job seekers in Cherry Hill should tailor their resumes to highlight relevant skills for industries like healthcare and technology.
Networking through local events and utilizing resources like the Cherry Hill Public Library can enhance job search efforts.
A bachelor's degree significantly improves employment prospects, with higher rates of job placement in specialized fields.
Career development programs and resume workshops are available to assist job seekers in refining their applications.