Industrial Guide Reports New Jersey Lost Fewer Manufacturing Jobs

Mar 01, 2011, 10:15 ET from Manufacturers' News, Inc.

EVANSTON, Ill., March 1, 2011 /PRNewswire/ -- Industrial employment in New Jersey declined 3.3% over the past year according to the 2011 New Jersey Manufacturers Register®, an industrial directory published annually by Manufacturers' News, Inc. (MNI) Evanston, IL. MNI reports New Jersey lost 14,511 manufacturing jobs from December 2009 to December 2010, compared to 23,798 jobs lost over the 2008-2009 survey period.

Manufacturers' News reports New Jersey is now home to 9,746 manufacturers employing 413,080 workers.

"New Jersey's industrial sectors continue to be affected by the housing bust and the recession," says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. "However, losses definitely have slowed, and the state's educated workforce and investments in innovative technologies are helping the recovery take hold."

Bright spots for the state include several plant openings such as Integrated Microwave Technologies' facility in Mt. Olive; Schar USA's plant in Logan; photovoltaic-panel manufacturer MX Solar USA; and Princeton Power Systems' new plant, which will manufacture energy storage systems for the solar industry.

MNI reports chemicals manufacturing remains New Jersey's largest industrial sector by employment with 75,377 jobs, down 1.5% over the year, following layoffs at Guest Packaging LLC, among others. Second-ranked printing/publishing accounts for 51,162 jobs, down 7.9% over the survey period. Third-ranked electronics represents 40,990 industrial jobs, down 1.7%.

Other sectors that lost jobs included primary metals, down 12% following layoffs at Aluminum Shapes, LLC among others. Lumber/wood fell 10.3% and transportation was down 8.8%, following layoffs at Viking Yacht and Lockheed Martin, while paper products saw a 4.7% decline and stone/clay/glass 4.6%.

According to the industrial directory, Northeast New Jersey accounts for the largest share of the state's industrial employment with 280,494 manufacturing jobs, down 3.4% over the year. The Northwest region ranks second at 52,931 manufacturing jobs, down 2.6%. Southwest New Jersey is home to 45,184 industrial jobs, down 4.7%, while the Southeast is home to 34,471 jobs, down 4.8%.

MNI's city data shows Newark remains New Jersey's top city for manufacturing employment, with 11,124 jobs, down 10.4% over the past twelve months. Second-ranked Moorestown accounts for 7,746 industrial jobs, with no significant change reported. Industrial jobs in Clifton declined 3.2%, with the city home to 6,884 jobs. Princeton is home to 6,520 jobs, with no significant change reported over the year. Industrial employment declined 6.1% in Fairfield, with the fifth-ranked city home to 6,468 of New Jersey's industrial jobs.

Detailed profiles of New Jersey's 9,746 manufacturers and 1,652 industrial distributors can be found in the 2011 New Jersey Manufacturers Register®, available in print for $137 and on CD-ROM from $219. Each profile provides up to 30 facts, including vital contact information (phone, web, e-mail), 31,681 executives by name and title, product(s) manufactured, annual sales, number of employees, and more. Visitors to mnileads.com may generate custom profiles of manufacturers using thirteen different criteria, including area or zip code, county, SIC, sales volume, number of employees, and more. Information also available on Facebook and Twitter.

Manufacturers' News, Inc., publisher of manufacturers' directories since 1912, compiles and produces manufacturing guides, statistics and databases for all 50 states. MNI also maintains IndustryNet.com, an industrial search engine designed specifically for locating manufacturers and suppliers nationwide. For more information, contact Manufacturers' News, Inc., 1633 Central St., Evanston, IL, 60201, 847-864-7000, FAX 847-332-1100.  

SOURCE Manufacturers' News, Inc.



RELATED LINKS

http://www.manufacturersnews.com