SNJ Business People

A Snapshot of Where South Jersey’s Economy Stands…

02/24/10

  This month we continue to look at some key metrics that create a snapshot of the regional economy.
  We add a few barometers each month, so that we end up with a pretty comprehensive picture of what’s happening in the region by year’s end.
  In January, we started with the basics, population, square miles, median household income and unemployment rate. This month, we’re removing media household income (it’s an annual number) and updating the unemployment numbers (every South Jersey county was up…the state was up…and the country was flat).
  We’re also adding casino revenues and our own SNJBP Index of the stock prices of publicly traded companies that are important to the region.
  Atlantic City’s casinos reported $294.2 million in casino win in January—a decrease of 8.5 percent over the same month a year ago. But it is less than the overall percentage dec line for 2009, which was 13.20 %. Note that “casino win” is the net amount of money won by casinos. It is not profit…it is only gross revenues from table games + slot machines.
  As for our SNJBP Stock Watch, the composite for our 10 publicly traded stocks is up $2.43 for the year to date (through 2-11), a gain of a whopping .006%.
  If you have suggestions on what we should be tracking, send us a note to jenny@snjbp.com.
  As you look at the statistics, remember that they will represent the most recent data available (to us), so if you have something that is more up-to-date or more accurate, please let us know.
  Here’s a look at where the region stands as we start the year. Stay tuned as we watch what happens during the months ahead.

Unemployment (%):                                                                                                     
                               (12/09)          (11/09)          (11/08)
Atlantic                      13.9              13.0                8.2
Burlington                   9.1                 8.8                5.6
Camden                    10.9               10.5                6.8
Cape May                 16.4               14.6              10.2
Cumberland              14.2               13.3                9.1
Gloucester                10.5               10.0                6.0
Ocean                       10.8               10.0                6.8
Salem                       12.0                10.1               7.2

NJ:                            10.1                 9.4                6.3
US:                           10.0                10.0               6.8

Casino Revenues:                                                                                                         
                                 (1/10)            (12/09)            (2009 Total)   
Revenues               $294.20          $272.10            $2,005.30   
% Change
from 2009)                  -8.5%             -9.8%                 -13.20%

SNJBP Stock Watch:                                                                                                    
Company Name            Ticker          Closing Price       Closing Price         YTD
                                     Symbol            12/31/09                2/11/10           Change
Campbell Soup               CPB                  33.8                     33.56              -0.24
Checkpoint                      CKP                 15.25                   15.88                0.63
Gannett                           GCI                  14.85                   14.21               -0.64
J&J Snack                      JJSF                 39.96                   42.15                2.19
L-3 Communication          LLL                 86.95                   87.08                0.13
Lockheed Martin              LMT                75.35                   76.35                1.00
PHH Corp                        PHH                16.11                   17.64                1.53
PSEG                               PEG               33.25                   30.53                -2.72
TD Bank                             TD                62.72                  62.02                 -0.70
Valero                               VLO               16.75                   18.00                 1.25
               
TOTAL:                                                $394.99              $397.42             + $2.43
                                                                                                                   (.006%)

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