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

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Q  Where are the highest median price homes in the United States currently located? A  According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area. See More Real Estate Trivia >