NJDOL Data Reveals 10% of Businesses are Black- or African American-Owned

On Feb 21, 2023

About 10% of New Jersey businesses are Black- or African American-owned, amounting to more than 88,000 enterprises, most of which employ only the owner/operator, according to February’s Labor Market Spotlight compiled by the New Jersey Department of Labor and Workforce Development’s (NJDOL’s) Office of Research and Information.

The snapshot of black employment – compiled for Black History Month – also found the median income increased by 10% between 2019 and 2021 for black and white households alike.

According to 2021 data from the U.S Census Bureau, 1.2 million New Jersey residents identify as Black or African American. The median age for a black resident in New Jersey is 37.

Black and African American workers comprise 15% of the state’s labor force, with roughly 26% of Black residents over age 25 having attained a bachelor’s degree or higher, and 40% working in management, business, science, and arts occupational groups, the analysis showed.

The state’s One-Stop Career Centers, which are funded by NJDOL and provide job readiness, coaching, mentoring and training services to residents, last year served 37,000 resident who self-identified as Black/African American.

In the current fiscal year, more than 1,220 Black residents are participating in NJDOL’s Apprenticeship programs, more than four times the number of Black participants four years ago.

The complete report on Black employment can be found in this month’s Labor Market Spotlight.

To access more business news, visit NJB News Now.

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