New Jersey Q1, 2019 Employment Statistics

  • 276,705 employers, up 4.2% from 265,564
  • 4,020,875 employees, up 1.3% from 3,969,092
  • $1,399 average weekly wage, up 1.7% from $1,375
  • The average weekly wage is 18.2% above the national average
  • The cost of living is 22.5% above the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 11,141, which is an increase of 4.2%. The number of employees in New Jersey increased by 51,782, an increase of 1.3%. During this same period, the average weekly wage increased by $24, an increase of 1.7%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 11,087 or 4.3%. Growth in private businesses in New Jersey grew faster than the national average of 3.0%. The number of employees in these businesses increased since last years' Q1, increasing by 50,092 or 1.5%. The growth in employees of private businesses in New Jersey was slower than the national average of 1.7%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $22 or 1.6%. Growth in average weekly wage of employees of private businesses in New Jersey grew slower than the national average of 3.0%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Professional services with 12.4% of the businesses in the state. The number of businesses in this sector increased by 2.4%. Healthcare (12.3%), which increased by 2.7% and Retail trade (10.8%), which increased by 0.4%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Transport and warehousing3214.5%
Arts and entertainment1433.8%
Other services7933.4%
Accommodation and food services6603.3%
Educational services1273.3%
Waste services5343.3%
Information1223.3%
Agriculture and forestry273.0%
Real estate and rental2432.9%
Healthcare8932.7%
Construction5752.6%
Professional services8082.4%
Company management362.4%
Manufacturing1872.1%
Finance and insurance1761.5%
Utilities41.1%
Wholesale trade1210.7%
Retail trade1180.4%
Mining and oil extraction-5-5.2%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 14.5% of the employees in the state, had an increase in employees of 1.4% in the last year. Retail trade (11.0%), decreased by 1.5% and Accommodation and food services (7.6%), increased by 3.6%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Transport and warehousing7,1193.8%
Accommodation and food services10,4953.6%
Real estate and rental2,0113.5%
Arts and entertainment1,7603.3%
Educational services2,0972.7%
Waste services6,4212.4%
Manufacturing5,6822.3%
Company management1,8072.2%
Agriculture and forestry1462.1%
Other services2,6202.0%
Healthcare8,3111.4%
Construction1,6361.1%
Professional services2,3560.8%
Mining and oil extraction90.7%
Wholesale trade3350.2%
Finance and insurance-70.0%
Utilities-155-1.0%
Retail trade-6,681-1.5%
Information-3,404-4.9%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Company management paying $4,572per week compared with the state average of $1,415. Weekly wages in this sector rose by $47 or 1.0%. Finance and insurance ($3,501), rose by $7 or 0.2% and Information ($2,787) increased by $120 or 4.5% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Arts and entertainment$466.2%
Retail trade$375.6%
Mining and oil extraction$754.7%
Information$1204.5%
Professional services$693.0%
Healthcare$292.9%
Waste services$252.8%
Agriculture and forestry$182.7%
Other services$162.3%
Manufacturing$362.1%
Educational services$131.3%
Construction$161.2%
Company management$471.0%
Transport and warehousing$60.6%
Wholesale trade$90.5%
Real estate and rental$70.5%
Finance and insurance$70.2%
Accommodation and food services$-13-2.9%
Utilities$-151-5.5%


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 16,523 employing 216,172 workers). The Restaurants and other eating places industry had 613 more businesses, an increase of 3.9% in the last year. Computer systems design and related services (3.3% of businesses) added 245 businesses, an increase of 2.8% and Offices of physicians (2.9% of businesses) added 171 businesses, an increase of 2.2% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Tobacco manufacturing4400.0%
Casinos except casino hotels5250.0%
Major household appliance manufacturing2200.0%
Support activities for forestry4100.0%
Carpet and rug mills266.7%
Open-end investment funds550.0%
Battery manufacturing150.0%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Restaurants and other eating places6133.9%
Private households3087.9%
Residential building construction2714.6%
Computer systems design and related services2452.8%
Medical and diagnostic laboratories24133.4%
Hair nail and skin care services2283.9%
Management consulting services2013.5%


Employees by Industry

Computer systems design and related services (3.3% of employees) added 245 employees, an increase of 2.8% and Offices of physicians (2.9% ofemployees) added 171 employees, an increase of 2.2% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Beef cattle ranching farming and feedlots71229.5%
Carpet and rug mills486.7%
Family planning centers40081.1%
Other performing arts companies5972.3%
Food crops grown under cover9871.8%
Accessories and other apparel manufacturing39562.5%
Health and welfare funds5761.5%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
Restaurants and other eating places6,0862.9%
Casino hotels4,95325.7%
Temporary help services4,7295.0%
Pharmaceutical and medicine manufacturing2,56011.7%
General warehousing and storage2,4895.1%
Management of companies and enterprises1,8072.2%
Couriers and express delivery services1,5426.4%


Average Weekly Wage by Industry

Computer systems design and related services ($3) and Offices of physicians ($3) round out the top 3 industries. Employees in the Computer systems design and related services ($3 per week) were paid $245 more per week, an increase of 2.8% and Offices of physicians ($3 per week) were paid $171 more per week, an increase of 2.2% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Carpet and rug mills$5,684327.0%
Other financial vehicles$2,717148.1%
Coal and other mineral merchant wholesalers$1,69597.1%
Sound recording studios$34081.9%
Other sound recording industries$40880.2%
Credit bureaus$2,81777.4%
Frozen food manufacturing$56465.7%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Carpet and rug mills$5,684327.0%
Credit bureaus$2,81777.4%
Other financial vehicles$2,717148.1%
Coal and other mineral merchant wholesalers$1,69597.1%
Frozen food manufacturing$56465.7%
Magnetic media manufacturing and reproducing$53945.7%
Spectator sports$5178.5%


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 92.9%. (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%.



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.