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.

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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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