CBRE: N.J. among markets with best mix of labor supply, quality, cost

The growth of e-commerce in the U.S. is expected to create approximately 452,000 warehouse and distribution jobs this year and next, according to a new report from CBRE.

This uptick in new workers is showing the acceleration of job growth in the labor industry, CBRE said.

The report, which analyzed federal employment data, indicated New Jersey was one of the top industrial and logistics labor hubs with an exceptional mix of labor supply, quality and cost.

New Jersey, CBRE said, has the fifth fastest growing transportation-and-warehousing workforce with a 40 percent increase from 2013 to 2017. About 70,000 total transportation and warehouse jobs in the Garden State was 5 percent of the state’s workforce by the end of 2017, CBRE said.

“New Jersey has long been recognized as a superior labor market, thanks to an abundance of local jobs, an excellent location, unparalleled infrastructure and access to a multitude of transportation modes,” Jeff Hipschman, senior managing director, CBRE, said. “Over the past few years the state has continued to attract warehousing and logistic companies, further driving both the growth in new job opportunities and the need for more developments.”

CBRE’s report addressed tools to solve the labor crunch, it said. The first is to invest in more automation, the second is to recruit workers from other industries and the third is to expand into markets with available and ready workers.

To read the full report, click here.