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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