Find Out More About the Central New Jersey Economy & Job Market
"Somerset, Hunterdon, and Middlesex, NJ
Counties will be among New Jersey's strongest employment growth areas this
year, powering a statewide job recovery that should last into the next
century." - Rutgers University forecast, July 1997
Facts about the New Jersey
Economy
- New Jersey is the 8th largest state
economy.
- New Jersey is now the eighth largest
exporting state.
- There are 60 million consumers within a
250-mile radius of New Jersey.
- In 2000, 12 of 33 FDA-approved drugs were
credited to New Jersey based pharmaceutical companies.
- New Jersey has 55 colleges and
universities, including Princeton and Rutgers Universities and The New Jersey
Institute of Technology.
- Somerset County had an unemployment rate
of 2.1% in 2000 as compared to a nationwide rate of 5.8%
- More than 20 Fortune 500 companies are
headquartered in New Jersey.
- The national headquarters for Fortune 500
companies, AT&T and Johnson & Johnson, are both located in Central New
Jersey.
Central New Jersey's Top
20 Employers
| 1. |
AT&T (National Headquarters) |
Telecommunications |
Somerset, Hunterdon, Middlesex &Union Counties |
23,000 |
| 2. |
Lucent Technology Equipment |
Telecommunications |
Warren, Berkeley Heights, New Providence, Bernards |
16,500 |
| 3. |
Johnson&Johnson (National Headquarters) |
Pharmaceuticals & Healthcare Products |
Bridgewater, Raritan Borough, Montgomery, North Brunswick,
Warren |
11,000 |
| 4. |
Rutgers University |
Education |
New Brunswick, Piscataway |
8,403 |
| 5. |
Merck & Co. |
Pharmaceutical |
Readington, Franklin, Woodbridge, Rahway |
7,403 |
| 6. |
Schering Plough |
Pharmaceutical |
Bernards, Union, Kenilworth |
5,670 |
| 7. |
Telcordia |
Telecommunications |
Piscataway |
5,022 |
| 8. |
University of Medicine and Dentistry of NJ |
Education |
New Brunswick, Piscatatway |
4,391 |
| 9. |
Merrill Lynch |
Financial |
Franklin, Piscataway, Somerville, Westfield |
3,831 |
| 10. |
R.W. Johnson University Hospital |
Medical |
New Brunswick |
3,574 |
| 11. |
Chubb & Son, Inc. |
Insurance |
Warren, Branchburg, Bridgewater, New Providence |
3,000 |
| 12. |
St. Peter's University Hospital |
Medical |
New Brunswick |
2,702 |
| 13. |
Overlook Hospital |
Medical |
Summit |
2,700 |
| 14. |
Bristol-Myers Squibb |
Pharmaceuticals |
New Brunswick |
2,200 |
| 15. |
MetLife |
Insurance |
Somerset, Hunterdon Counties |
2,000 |
| 16. |
Foster Wheeler |
Construction |
Clinton, Union, Lebanon |
1,999 |
| 17. |
Somerset Medical Center |
Medical |
Somerville |
1,712 |
| 18. |
Hunterdon Healthcare System |
Medical |
Raritan Borough |
1,700 |
| 19. |
Novarits |
Pharmaceutical |
Summit |
1,450 |
| 20. |
Solaris Health Systems (Muhlenberg) |
Medical |
Plainfield |
1,450 |
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Cosmetic Improvements >Brighter is Better
Sometimes a real estate agent will walk into a home that is basically attractive, yet communicates the feeling that something is lacking. Then the agent notices that all of the drapes are closed, interior lights are off and there is a lot of overgrown shrubbery blocking the sunlight that might otherwise pour through the windows.
A dark house is not as appealing to most buyers as one that is flooded with light. As a part of your preparations to market your home, try to maximize the light in your home. Make sure that all the windows are clean and the drapes are open when the house is being shown. A fresh coat of light paint can do a lot to brighten up the interior. If your house has very dark paneling, and you do not wish to repaint the walls, you may want to consider adding additional lamps. Your real estate agent may be able to provide other simple and cost-effective ideas about how to maximize your home's appeal.
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| Q |
What is the longest construction time for a private residence?
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| A |
The Winchester House in San Jose, CA, was under construction for over 38 years. |
See More Real Estate Trivia > |
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