STATE OF MANUFACTURING – New Jersey Manufacturing
by Joe Jackson
Marketing & Events Assistant, PMPA
Published April 1, 2024
Fabricated Metal Products Manufacturing is a subsector of manufacturing that makes critical goods from metal components.
Precision Turned Products Manufacturing is a subsector of fabricated metal product manufacturing that makes the components that MAKE IT WORK!
NEW JERSEY ECONOMIC OUTPUT
New Jersey Manufacturing
NAICS 31-33
$60,500,000,000
Fabricated Metal Product Manufacturing
NAICS 332
$4,889,745,000
Precision Turned Product Manufacturing
NAICS 332721
$231,375,000
NEW JERSEY MANUFACTURING ACCOUNTS FOR
Manufacturing Is Productivity –9.47% of New Jersey’s total output (GDP)
Manufacturing Builds Businesses –6,835 manufacturing establishments in the state of New Jersey.
Manufacturing Creates Jobs – 6.2% of all New Jersey’s employees are in the manufacturing sector. (252,000 employees)
Manufacturing produces for New Jersey!
- Manufacturing is the 5th largest GDP Producer in New Jersey.
- Fabricated metals rank the 6th of the manufacturing sectors in New Jersey.
New Jersey is a great place for a career in manufacturing
- Manufacturing jobs pay on average 39% over the average job in New Jersey. (according to NAM.org)
- Newark, Clifton, Jersey City and Fairfield account for 67% of manufacturing jobs in New Jersey.
- New Jersey has averaged 1% growth per year from 1997 until 2021 in the manufacturing sector.
Sources: NAM.org, US Census, statista.com, IndustrySelect.com
Data selected to show relative values. May not be directly comparable due to differences in sampling, analysis, or date obtained.