Camden Poverty Trends

When examining the new 2010 Census figures, Camden’s poverty rates are steady, but the numbers remain alarming. The poverty line, as defined by the Census, is a specific before-tax yearly income amount which varies according to age and household members.

 

24,853 Camden residents were employed in 2008 from a workforce of 27,088. While there were 34,872 jobs in the city that same year, 79% of Camden residents held their primary job outside the city. This report details trends in resident employment locations.

 

Access to a bank account can provide households with an important first step towards financial security, allowing families to conduct basic financial transactions, save for emergency and long-term security needs, and access credit on affordable terms. The findings from a recent FDIC study suggest that Camden residents are disproportionately underserved by banks.

The total number of jobs in Camden has increased over the past 6 years, with the largest increase taking place in the highest LEHD income category (>$40,400). Resident jobs, however, have declined since 2002.

Camden-based businesses represent an expanding chunk of the county economy, but a shrinking number of firms and industries are responsible for the growth.   Additional industry analysis.

CamConnect Reports
 
Camden Facts 2008: Economics

Economics Section of 2008 Camden Facts

 
 

External Reports
 
Mayor Redd's Transition Team: Economic Development & Entrepeneurship Report

Suggestions: Create a Mayor's economic development team Create a Mayor's business advisory council

Resources
U.S. Bureau of Labor Statistics: employment statistics and projections.
 
Census Longitudinal Employer-Household Dynamics: LEHD provides the most detailed employment statistics, with local data on place of work and residency (through 2008).
 
Census and American Community Survey: employment, income, and poverty data for Camden. Due to small sampling sizes, CamConnect cautions individuals when using ACS economic data (through 2008).
 
Zip Code Business Patterns: industry composition, number of establishments, and payroll statistics for zip codes (through 2007).
 
FDIC Summary of Deposits Data: statistics on number of banking institutions and deposits
 
Earned Income Tax Credit Data: Brookings Institute interactive local tax data (through 2006)