New Jersey Q2, 2019 Employment Statistics

  • 276,851 employers, up 3.8% from 266,706
  • 4,120,241 employees, up 0.8% from 4,085,385
  • $1,236 average weekly wage, up 3.0% from $1,200
  • The average weekly wage is 12.9% above the national average
  • The cost of living is 25.1% above the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 10,145, which is an increase of 3.8%. The number of employees in New Jersey increased by 34,856, an increase of 0.8%. During this same period, the average weekly wage increased by $36, an increase of 3.0%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 10,096 or 3.9%. Growth in private businesses in New Jersey grew faster than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 34,039 or 1.0%. The growth in employees of private businesses in New Jersey was slower than the national average of 1.4%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $35 or 3.0%. Growth in average weekly wage of employees of private businesses in New Jersey grew slower than the national average of 3.8%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Professional services with 12.3% of the businesses in the state. The number of businesses in this sector increased by 1.6%. Healthcare (12.2%), which increased by 1.8% and Retail trade (10.8%), which increased by 0.6%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Transport and warehousing3314.5%
Company management634.2%
Other services6152.6%
Arts and entertainment952.5%
Waste services4002.4%
Accommodation and food services4802.4%
Real estate and rental1662.0%
Information732.0%
Construction4502.0%
Healthcare6061.8%
Professional services5381.6%
Manufacturing1081.2%
Utilities41.1%
Educational services370.9%
Finance and insurance1020.9%
Agriculture and forestry80.9%
Retail trade1820.6%
Wholesale trade-11-0.1%
Mining and oil extraction-6-6.2%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 14.2% of the employees in the state, had an increase in employees of 1.2% in the last year. Retail trade (10.8%), decreased by 1.9% and Accommodation and food services (8.0%), increased by 1.7%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Agriculture and forestry5203.8%
Transport and warehousing6,4123.4%
Real estate and rental1,4662.4%
Company management1,8962.2%
Manufacturing4,3671.8%
Accommodation and food services5,5681.7%
Other services2,1961.6%
Educational services1,2551.5%
Healthcare7,1441.2%
Waste services2,6821.0%
Professional services2,1840.7%
Arts and entertainment4840.7%
Construction9480.6%
Finance and insurance-1,290-0.7%
Wholesale trade-1,772-0.8%
Retail trade-8,729-1.9%
Information-2,676-3.8%
Utilities-608-4.0%
Mining and oil extraction-71-5.2%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Company management paying $3,088per week compared with the state average of $1,214. Weekly wages in this sector rose by $180 or 6.2%. Utilities ($2,204), declined by $33 or 1.5% and Finance and insurance ($2,189) increased by $60 or 2.8% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Mining and oil extraction$18111.7%
Company management$1806.2%
Arts and entertainment$325.6%
Retail trade$335.0%
Manufacturing$614.2%
Information$773.8%
Other services$233.3%
Healthcare$323.2%
Professional services$633.2%
Agriculture and forestry$213.2%
Transport and warehousing$302.9%
Wholesale trade$472.9%
Finance and insurance$602.8%
Educational services$252.6%
Construction$332.4%
Real estate and rental$262.2%
Waste services$182.1%
Utilities$-33-1.5%
Accommodation and food services$-21-4.5%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In New Jersey. the industry with the most businesses is Restaurants and other eating places with 6.0% of the businesses in the state (with 16,584 employing 232,678 workers). The Restaurants and other eating places industry had 421 more businesses, an increase of 2.6% in the last year. Computer systems design and related services (3.3% of businesses) added 159 businesses, an increase of 1.8% and Offices of physicians (2.9% of businesses) had 46 fewer businesses, a decline of 0.6% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Tobacco manufacturing4200.0%
Casinos except casino hotels5125.0%
Carpet and rug mills3100.0%
Support activities for forestry360.0%
Motor vehicle steering and suspension parts150.0%
Battery manufacturing150.0%
Major household appliance manufacturing150.0%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Restaurants and other eating places4212.6%
Residential building construction2614.4%
General freight trucking long-distance23817.6%
Medical and diagnostic laboratories23729.6%
Hair nail and skin care services2283.9%
Private households1874.7%
Management consulting services1622.8%


Employees by Industry

Computer systems design and related services (3.3% of employees) added 159 employees, an increase of 1.8% and Offices of physicians (2.9% ofemployees) had 46 fewer employees, a decline of 0.6% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Support activities for forestry13237.8%
Carpet and rug mills6113.3%
Family planning centers39779.8%
Fishing8449.1%
Accessories and other apparel manufacturing32944.7%
Health and welfare funds4543.4%
Credit bureaus21142.4%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
Restaurants and other eating places4,0591.8%
Casino hotels3,01215.0%
Temporary help services2,6472.7%
Pharmaceutical and medicine manufacturing2,58811.7%
General warehousing and storage2,5685.5%
Management of companies and enterprises1,8962.2%
Couriers and express delivery services1,5786.6%


Average Weekly Wage by Industry

The industry that pays their employees the most is Trusts estates and agency accounts, paying $112,235 compared with the state average of $1,214. Employees in the Trusts estates and agency accounts industry were paid $0 more per week, an increase of 0.0% in the last year. Communication and energy wire and cable mfg. ($5,950) and Reinsurance carriers ($4,053) round out the top 3 industries. Employees in the Communication and energy wire and cable mfg. ($5,950 per week) were paid $0 more per week, an increase of 0.0% and Reinsurance carriers ($4,053 per week) were paid $38 more per week, an increase of 0.9% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Magnetic media manufacturing and reproducing$2,579251.9%
Other sound recording industries$1,983244.8%
Carpet and rug mills$1,27575.2%
Other personal care services$22851.1%
Other direct selling establishments$37245.1%
Other financial vehicles$75442.9%
Elec. equip. and wiring merchant wholesalers$55939.2%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Magnetic media manufacturing and reproducing$2,579251.9%
Other sound recording industries$1,983244.8%
Carpet and rug mills$1,27575.2%
Other financial vehicles$75442.9%
Elec. equip. and wiring merchant wholesalers$55939.2%
Music publishers$55538.8%
Computer and peripheral equipment mfg.$51525.1%


Company Size

New Jersey Businesses by Size

The solopreneur company, has the most businesses in New Jersey by far. 62.5% of all businesses in the state have fewer than 5 employees. The 259,531 small businesses in the state represent 95.7% of all private businesses. The national average is 92.4%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) New Jersey added 11,087 businesses in the last year, an increase of 4.3% as compared to the national average of 3.0%.

Small businesses are defined as companies with fewer than 50 employees. These small businesses added 10,938 businesses in the last year, which is an increase of 4.4% as compared to the national average of 3.1%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 151 businesses in the last year, which is an increase of 1.4% as compared to the national average of 1.3%.

Large businesses are defined as companies with more than 500 employees. These large businesses declined 2 businesses in the last year, which is a decrease of 0.4% as compared to the national average of 2.1%.



New Jersey Employees by Business Size

New Jersey added 150,277 employees in the last year, an increase of 4.6% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 71,988 businesses in the last year, which is an increase of 38.4% as compared to the national average of 4.2%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 55,976 employees in the last year, which is an increase of 4.4% as compared to the national average of 4.7%.

Large businesses are defined as companies with more than 500 employees. Large businesses added 22,313 employees in the last year, which is an increase of 3.9% as compared to the national average of 9.2%.

New Jersey Avg Weekly Wages by Business Size

The smallest companies in New Jersey (those with fewer than 5 employees) pay workers 5.0% more than the national average ($1,058 per week as compared to the national average of $1,005 per week). The largest companies in New Jersey (those with more than 1,000 employees) pay 15.2% workers above the national average ($2,257 per week as compared to the national average of $1,913 per week).

Average weekly wages in small businesses added $80 per week in the last year, which is an increase of 1.9% as compared to the national average of 3.1%. Employees of mid-sized businesses added $59 in wages per week in the last year, which is an increase of 1.4% as compared to the national average of 1.3%.

Employees of large businesses added $11 of weekly wages in the last year, which is an increase of 0.2% as compared to the national average of 2.1%.

Top Industries for Business and Employment

The table below illustrates the largest industries in the state, by number of businesses:

Table: Top 10 Industries by # of Businesses
Industry# Businesses% Change
Restaurants and other eating places16,5842.6%
Computer systems design and related services9,1191.8%
Offices of physicians7,967-0.6%
Services for the elderly and disabled7,3451.5%
Residential building construction6,2444.4%
Hair nail and skin care services6,1343.9%
Management consulting services5,8732.8%
Offices of lawyers5,364-0.1%
Landscaping services4,5932.9%
Offices of dentists4,5700.0%


The table below illustrates the largest industries in the state, by number of employees:

Table: Top 10 Industries by # of Employees
Industry# Employees% Change
Restaurants and other eating places232,6781.8%
General medical and surgical hospitals140,6380.5%
Temporary help services101,1992.7%
Management of companies and enterprises85,5372.2%
Offices of physicians81,7251.1%
Supermarkets and other grocery stores78,943-0.7%
Computer systems design and related services71,0760.3%
Home health care services50,1311.9%
Department stores49,639-4.4%
General warehousing and storage49,3745.5%


The table below illustrates the largest industries in the state, by highest wages:

Table: Top 10 Industries by Weekly Wage
IndustryWkly Wages% Change
Trusts estates and agency accounts$112,2350.0%
Communication and energy wire and cable mfg.$5,9500.0%
Reinsurance carriers$4,0530.9%
Industrial gas manufacturing$4,0298.5%
Research and development in the physical engineering and life sciences$3,6244.7%
Magnetic media manufacturing and reproducing$3,603251.9%
Securities brokerage$3,297-1.0%
Credit card issuing$3,206-4.9%
Portfolio management$3,20410.7%
Marine cargo handling$3,185-1.0%




Data Sources




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.