New Jersey Employment Statistics
85.9% of employees work for a private company, this is 0.7% greater than the national average of 85.2%. Local government agencies employ 9.7% of the workers in the state, state government agencies employ 3.2% of the workers and the federal government employs 1.2%. The percentage of employees working for a government agency (14.1%) is 0.7% lower than the national average. The chart below illustrates the breakout of employees by type of employer.
- 270,082 employers
- 4,043,953 employees
- $1,264 average weekly wage
- The average weekly wage is 14.8% above the national average
- The cost of living is 22.5% above the national average
Types of Employers (Private Sector vs Government Agency)
As an employer in New Jersey, you are most likely to be running a private company rather than a government agency. 98.0% of employers run private companies in the state, BIGGER1.0% greater than the national average of 97.0. The remaining 2.0% of employers are government agencies: 0.4% work in a federal agency, 0.3% work for the state and 1.3% work for local government. The chart below illustrates the breakout of employers by type.
The average weekly wage in New Jersey is $1,264 per week, which is 14.8% less than the national average of $1,101 per week. New Jersey workers that are employed by private businesses earn $1,256 per week, 14.2% greater than the national average for private company employees. Employees of federal government agencies in New Jersey earn $1,610 per week, a premium of 28.2% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Businesses by SectorThe sector with the greatest number of businesses in the state is Professional services with 12.5% of the businesses in the state. Healthcare (12.4%) and Retail trade (11.0%) round out the top 3 sectors.
Table: Sectors by # of Businesses
|Sector||# Businesses||% of Bus.|
|Accommodation and food services||20,281||7.5%|
|Finance and insurance||11,477||4.2%|
|Real estate and rental||8,453||3.1%|
|Transport and warehousing||7,326||2.7%|
|Arts and entertainment||3,838||1.4%|
|Agriculture and forestry||902||0.3%|
|Mining and oil extraction||97||0.0%|
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare
with 14.3% of the employees in the state. Retail trade
(11.2%) and Accommodation and food services
(7.8%) round out the top 3 sectors.
Table: Sectors by # of Employees
|Sector||# Employees||% of Emp'|
|Accommodation and food services||317,147||7.8%|
|Transport and warehousing||191,596||4.7%|
|Finance and insurance||183,242||4.5%|
|Arts and entertainment||67,798||1.7%|
|Real estate and rental||59,297||1.5%|
|Agriculture and forestry||10,797||0.3%|
|Mining and oil extraction||1,334||0.0%|
Average Weekly Wage by Sector
The sector that pays their employees the highest is Company management
paying $3,284per week compared with the state average of $1,256. Finance and insurance
($2,513) and Utilities
($2,372) round out the top 3 sectors.
Table: Wages by Sector
|Sector||Wkly Wage||vs St Avg.|
|Finance and insurance||$2,513||200.1%|
|Mining and oil extraction||$1,566||124.7%|
|Real estate and rental||$1,291||102.8%|
|Transport and warehousing||$1,043||83.0%|
|Arts and entertainment||$720||57.3%|
|Agriculture and forestry||$670||53.3%|
|Accommodation and food services||$460||36.6%|
Businesses by Industry
Each broad sector is made up of specific industries. In New Jersey. the industry with the most businesses is Unclassified
with 6.3% of the businesses in the state (with 16,950 employing 24,328 workers). Restaurants and other eating places
(6.0%) and Computer systems design and related services
(3.3%) round out the top 3 industries. The Top 10 Industries in the state are:
|Restaurants and other eating places||16,188||13.8|
|Computer systems design and related services||9,007||7.8|
|Offices of physicians||8,014||10.1|
|Services for the elderly and disabled||7,409||3.5|
|Residential building construction||6,004||3.8|
|Hair nail and skin care services||5,969||5.3|
|Management consulting services||5,794||7.1|
|Offices of lawyers||5,373||6.4|
|Offices of dentists||4,564||6.6|
Employees by Industry
The industry with the greatest number of employees in the state is Restaurants and other eating places
with 5.5% of the businesses in the state. The industry employs 223,637 in 16,188 businesses, there are 13.8 employees on average in each of these businesses. General medical and surgical hospitals
(3.5%) and Temporary help services
(2.5%) round out the top 3 industries.
Table: Industries by # of Employees
|Restaurants and other eating places||223,637||13.8|
|General medical and surgical hospitals||140,134||1,229.2|
|Temporary help services||99,449||52.3|
|Management of companies and enterprises||83,727||55.3|
|Offices of physicians||81,079||10.1|
|Supermarkets and other grocery stores||79,131||32.3|
|Computer systems design and related services||70,598||7.8|
|General warehousing and storage||49,723||87.8|
|Home health care services||49,028||62.7|
Average Weekly Wage by Industry
The industry that pays their employees the most is Trusts estates and agency accounts
, paying $204,477 compared with the state average of $1,256. Spectator sports
($4,939) and Credit card issuing
($4,457) round out the top 3 industries.
Table: Wages by Industry
|Industry||Wkly Wage||% of Avg|
|Trusts estates and agency accounts||$204,477||16,280.0|
|Credit card issuing||$4,457||354.9|
|Commodity contracts dealing||$4,392||349.7|
|Lessors of nonfinancial intangible assets||$3,871||308.2|
|Research and development in the physical engineering and life sciences||$3,854||306.8|
|Investment banking and securities dealing||$3,750||298.6|
|All other financial investment activities||$3,705||295.0|
New Jersey Businesses by Size
company, has the most businesses in New Jersey by far. 62.4% of all businesses in the state have fewer than 5 employees. The 256,617 small businesses in the state represent 95.7% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.
New Jersey Employees by Business Size
The largest companies in the state represent 142.7% of all employees, which is 4.2% higher than the national average of 138.4%. Interestingly, the smallest companies in the state employ a higher percentage than the largest companies, this is not typical. The solopreneur (those that employ fewer than 5) companies employ 99.3% of all workers, which is 7.8% higher than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 553.7% of the labor force in the state, 3.7% more than the national average of 550.0%.
New Jersey Avg Weekly Wages by Business Size
The smallest companies in New Jersey (those with fewer than 5 employees) pay workers 7.1% more than the national average ($1,049 per week as compared to the national average of $975 per week). The largest companies in New Jersey (those with more than 1,000 employees) pay 13.4% workers above the national average ($2,173 per week as compared to the national average of $1,882 per week).
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.