New Jersey's Tech Industry Totals 197,100
New Jersey is the 3^rd Largest Cyberstate by Defense Electronics Manufacturing Employment

Clark, NJ (April 19, 2006) – AeA, the nation’s largest trade association representing all segments of the high-tech industry, today released its ninth annual Cyberstates report detailing national and state trends in high-tech employment, wages, exports, and other key economic factors.  The report, Cyberstates 2006: A Complete State-by-State Overview of the High-Technology Industry, covers all 50 states, the District of Columbia, and Puerto Rico.

New Jersey's high-tech industry fell by a net 5,500 jobs, for a total of 197,100 in 2004, the most current state data available.  While New Jersey was hit hard by the technology downturn, the high-tech job losses were mostly concentrated in the telecommunications services sector.

Telecommunications services lost 3,500 jobs between 2003 and 2004, the largest single sector job loss in the state during this period.  This is a common theme throughout the country as telecommunications services nationwide lost 35,700 jobs between 2003 and 2004.  Positively, New Jersey exported $3.3 billion in high-tech goods, helping to support an average wage of $82,500, the third highest average wage rate in the country. 

"New Jersey's vibrant tech industry supports thousands of high paying jobs,” said Linda Klose, Executive Director, AeA New Jersey-Pennsylvania Council.  "In fact, six percent of the workers in the Garden State are in the tech industry.  With over $3 billion in technology exports and over $800 million in venture capital investments, we need to do all that we can to keep our tech industry competitive.  We need to focus on those factors that keep our state attractive – a highly-skilled, highly-education workforce.  Education in math and science is crucial."

Nationally, Cyberstates 2006 shows that the high-tech industry is edging forward.  High-tech employment added 61,100 net jobs for a total of 5.6 million workers in 2005, the first increase in tech jobs in four years.  U.S. high-tech exports were also up by four percent for a total of $199 billion in 2005.

This ninth annual edition of Cyberstates provides a comprehensive review of the high-tech industry nationally and state-by-state by high-tech employment, wages, payroll, establishments, and trade.  Cyberstates also offers data on venture capital investments and R&D expenditures.

AeA members can purchase the report for $95; non-members for $190.  Please visit www.aeanet.org/cyberstates to download the report, or call 408.987.4200. 

What Does High Tech Mean for New Jersey?

• 197,100 high-tech workers (9^th ranked cyberstate)
   

• 5,500 jobs lost between 2003 and 2004
   

• High-tech firms employed 60 of every 1,000 private sector workers in 2004, ranked 12^th nationwide
   

• High-tech workers earned an average wage of $82,500 (3rd ranked), or 73 percent more than New Jersey's average private sector wage
   

• A high-tech payroll of $16.3 billion in 2004, ranked 6^th nationwide
   

• 13,900 high-tech establishments in 2004, ranked 6^th nationwide
   

• High-tech exports totaled $3.3 billion in 2005, ranked 16^th nationwide
   

• High-tech exports represented 16 percent of New Jersey’s exports
   

• Venture capital investments of $831 million in 2005, down 13 percent
   

• R&D expenditures of $12.8 billion in 2003, ranked 6^th nationwide

New Jersey’s National Industry Sector Rankings:

• 3^rd in defense electronics manufacturing employment with 9,000 job
   

• 7^th in computer systems design and related services employment with 49,300 jobs
   

• 7^th in telecommunications services employment with 39,800 jobs

Source: Cyberstates 2006

Data are for 2004 unless otherwise noted.

2004 data are the most current for state employment, wages, payroll, establishments, and industry segment jobs.

Published by AeA, Advancing the Business of Technology (www.aeanet.org)

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About AeA

AeA, founded in 1943, is a nationwide trade association that represents all segments of the technology industry and is dedicated solely to helping our members’ top line and bottom line.  We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs.   For more information, please visit www.aeanet.org.            

This page was last updated on 04/18/06.              
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