Snapshot of the Chemistry Industry In New Jersey
Source: American Chemistry Council, 2011, New Jersey Chemical Industry Profile
::Visit American Chemistry Counci's NJ Chemistry Industry Economic Stats Page::
Total Employment |
57,430 |
State Rank |
3 |
Chemical Industry Average Wages |
$111,443 |
State Rank |
3 |
Value of Output ($mill) |
$25,507 |
State Rank |
9 |
| Exports ($mill) |
$7,527 |
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Economic Impact Generated by the Chemistry Industry in New Jersey
Over 96% of all manufactured goods are directly touched by the business of chemistry, making this industry an essential part of every facet of our nation’s economy. Chemistry provides significant economic benefits in every state.
Chemistry companies in New Jersey directly employ 57,430 people, and indirectly contribute 377,574 jobs to the economy. For every chemistry industry job in New Jersey, an additional 5.2 jobs are created within the state’s economy.
Chemistry industry jobs are high-paying. The average wage of a chemistry industry employee in New Jersey is $111,443, which is 57% higher than the average manufacturing wage. These jobs generate $6,400 million in earnings and $3,910 million in federal, state and local taxes on personal income and $3,235 million in Social Security and Medicare contributions. State and federal income taxes on these industries’ payrolls support government programs for New Jersey residents.
The people of American chemistry provide solutions that point the way toward responsible stewardship of our planet through sustainable energy, cleaner air and safe, clean water. Chemistry is new products, new materials and a new hope for the future. |
Related Links
:: Industry Statistics
:: chemFactor
The ChemFactor for an industry represents an industry’s purchases of chemistry and chemistry-derived products as a percentage of total material purchases.
::chemFactor::
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