Somerset County One-Year Industry Employment Change

In Somerset County, New Jersey, the entire sum of jobs in all industries overall has increased by 2,873 jobs from mid-2005 to mid-2006.

Total One-Year Employment Decline in Somerset County

Given the industries in the area, the Newspaper, book, and directory publishers industry has lost the most employment with a total loss of 1,105 jobs during the period. The employment lost in the Newspaper, book, and directory publishers industry make up 16.1 percent of the total employment decline in Somerset County, New Jersey.

Top 5 Industries
1. Newspaper, book, and directory publishers (1,105 jobs lost)
2. Druggists' goods merchant wholesalers (469 jobs lost)
3. Electronic markets and agents and brokers (340 jobs lost)
4. Software publishers (258 jobs lost)
5. Highway, street, and bridge construction (243 jobs lost)

Total One-Year Employment Growth in Somerset County

Of the industries (4-digit NAICS) in the area, the Scientific research and development services industry has grown the most with 1,846 jobs added during the time period. These new jobs in the Scientific research and development services industry makes up 18.3 percent of the total number of new jobs in Somerset County.

Top 5 Industries
1. Scientific research and development services (1,846 new jobs)
2. Computer systems design and related services (1,047 new jobs)
3. Management and technical consulting services (657 new jobs)
4. Department stores (479 new jobs)
5. Activities related to credit intermediation (403 new jobs)

Of the 154 industries with industry data reported by the BLS in each quarter, 75 reported job growth in the duration of the year and 79 industries reported employment loss in the period.

The total number of jobs has increased by 1.9 percent from the reported values in 2005. These values are greater than percent in New Jersey, experiencing a gain of 1.0 percent from the 2nd Quarter of 2005. The gains felt were less than than the gain felt at the national level of 2.0 percent.

Somerset County One-Year Percentage Decline in Employment

The Household goods repair and maintenance industry has lost the largest amount of employment in terms of percentage, losing 79.6 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has gone through in the New Jersey, where the industry reported a loss of 3.8 percent. The losses in the Household goods repair and maintenance industry in Somerset County outpaced the US in terms of percent of decline of industry employment. The US lost 0.9 percent in terms of employees in the Household goods repair and maintenance industry.

Top 5 Industries
1. Household goods repair and maintenance (79.6 percent decline)
2. Highway, street, and bridge construction (71 percent decline)
3. Coating, engraving, and heat treating metals (59.6 percent decline)
4. Social advocacy organizations (52.8 percent decline)
5. Druggists' goods merchant wholesalers (51.7 percent decline)

Somerset County One-Year Percentage Growth in Employment

The Other general purpose machinery manufacturing industry has witnessed the largest percentage of employment expansion, increasing by 288.2 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Somerset County has expanded faster than the growth seen in the industry for New Jersey, where the industry felt a gain of 5.3 percent. The Other general purpose machinery manufacturing industry in Somerset County outpaced the national average, which felt a gained 2.2 percent of the industry employment.

Top 5 Industries
1. Other general purpose machinery manufacturing (288.2 percent gain)
2. Activities related to credit intermediation (279.0 percent gain)
3. Independent artists, writers, and performers (207.5 percent gain)
4. Other motor vehicle dealers (127.3 percent gain)
5. Other ambulatory health care services (120.2 percent gain)





About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Somerset County, New Jersey

In Somerset County, New Jersey White householders had a median household income (in 2005 Dollars) of $91,116 according to the Decennial Census of 2000, which was 1.2 percent greater than the median income in 2000. Black or African American householders reported a median household income that was 19.6 percent less than the total 2000 reported median, with a their median reported to be $72,407. Hispanic in Somerset County, New Jersey , as reported in 2000, had a median household income of $61,062, this median is 32.2 percent less than the median reported for all households in the area. The American Indian and Alaska Native householders in Somerset County had a median household income level of $79,560, this median was 11.6 percent less than the median for all households. The Asian headed households reported median household incomes of $118,578. This household income level is 31.7 percent greater than the reported median household income for all households in the area.

When analyzed against other counties (and parishes) in the US, Somerset County was reported to have a very high household income of $90,012 (2005 Dollars). The income level is 28.3 percent higher than the median in State of New Jersey of $64,521 and this is 45.4 percent higher than the median in the US, which is $49,133.

When compared to other counties (or parishes) across the United States, Somerset County, New Jersey may be understood as having a very low poverty rate amongst the population, with a poverty rate of 3.8 percent of the individuals existing in families with incomes under the poverty level in 1999. The American Indian and Alaska Native race/ethnicity demographic category, owns the foremost rate of poverty with 32.3 percent of the 2000 population living in poverty. People that are of the age 75 years and over are witness to the most percent living in poverty in Somerset County, with 6.7 percent of this age cohort living in poverty.

The poverty rate in Somerset County, New Jersey has declined by 0.2 percent from the rates reported in the Decennial Census, moving from 3.8 percent to 3.6 percent.

While household income level experienced a decline during the period of 2000 to 2005 in Somerset County, New Jersey, the Race/Ethnicity category that saw the sharpest decline in median income was the American Indian and Alaska Native Race/Ethnicity category. This category went through a decline of 14.2 percent since 2000. The Asian population category was least influenced by the median household income decline in Somerset County, undergoing a 3.9 percent increase in median household income from 2000 to 2005.

The household income has declined a small amount from the 2000 values (inflation adjusted). The median income has decreased to $88,532, which represents a 1.6 percent decline. Somerset County, New Jersey, in terms of percentage of decline, ranks 14 of 17 counties in percent of decline for income levels in the State of New Jersey. Somerset County ranks 622 of 668 counties (or parishes) in terms of the decline in median income level for the United States.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.