In Somerset County, jobs in the scientific research and development services pay the highest wages

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Employment in the scientific research and development services industry wages were the highest in Somerset County for 2006. The average industry job in Somerset County received an annual wage of $233,240 in 2006. The average wage is greater than the average industry wage in the State of New Jersey of $118,452 and greater than then the wage for jobs in this industry at the United States Level of $81,871.

Other top-pay jobs in Somerset County, New Jersey may be found in communications equipment manufacturing ($182,171), telecommunications resellers ($161,301), wired telecommunications carriers ($129,668) and insurance agencies, brokerages, and related ($125,461) industries. Note: For Detail Comparison, Click the Above Graph

About: These facts are part of 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.

Somerset County Wages have increased by 22.9% Since 2001

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Industry wages, from 2001 to 2006, have increased in Somerset County, New Jersey by a total of 22.9%. This is greater than the growth in wages for the State of New Jersey and greater than the growth in industry wages across the US.

About: These facts are part of 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.

Somerset County Industry Wages Exceed New Jersey, and Wages Exceed the United States

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Total wages in all industries in Somerset County, New Jersey when analyzed can be understood as being very high when analyzed with other Counties in the state. The overall wages are 35.8 percent higher than the state, which accounted an average of $48,393. The overall industry wage was greater than the national industry average of $40,259.

About: These facts are part of 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.

Somerset County Five-Year Industry Employment Change

Total Five-Year Employment Decline in Somerset County

From of the area's 4-digit NAICS industries, the Wired telecommunications carriers industry faced the greatest employment loss with a total loss of 4,715 jobs during the time period. The jobs lost in the Wired telecommunications carriers industry make up 20.0 percent of the total job loss in Somerset County, New Jersey.

Top 5 Industries
1. Wired telecommunications carriers (4,715 jobs lost)
2. Druggists' goods merchant wholesalers (4,354 jobs lost)
3. Business support services (1,584 jobs lost)
4. Semiconductor and electronic component mfg. (1,221 jobs lost)
5. Management of companies and enterprises (1,213 jobs lost)

Total Five-Year Employment Growth in Somerset County

Out of the 4-digit NAICS industries, the Scientific research and development services industry has grown the most with 2,276 employees finding new jobs in the industry. The employment growth in the Scientific research and development services industry makes up 13.7 percent of the total employment growth in Somerset County.

Top 5 Industries
1. Scientific research and development services (2,276 new jobs)
2. Pharmaceutical and medicine manufacturing (1,875 new jobs)
3. Nondepository credit intermediation (755 new jobs)
4. Management and technical consulting services (708 new jobs)
5. Grocery stores (672 new jobs)

Given the 144 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 76 showed an escalation in the number employed, while 68 industries reported a drop in employment.

In Somerset County, New Jersey, the entire sum of jobs in all industries overall has decreased by 6,118 total jobs from 2001 to 2006.

Somerset County Five-Year Percentage Decline in Employment

The Druggists' goods merchant wholesalers industry has lost the biggest percent of jobs, losing 90.9 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has felt in the State of New Jersey, where the industry felt a loss of 19.7 percent. The losses in the Druggists' goods merchant wholesalers industry in Somerset County outpaced the US in terms of percent of decline of industry employment. The US gained 6.4 percent in terms of employees in the Druggists' goods merchant wholesalers industry.

Top 5 Industries
1. Druggists' goods merchant wholesalers (90.9 percent decline)
2. Household goods repair and maintenance (82.3 percent decline)
3. Business support services (79.2 percent decline)
4. Coating, engraving, and heat treating metals (77.8 percent decline)
5. Semiconductor and electronic component mfg. (67.7 percent decline)

Employment for all industries has decreased by 3.7 percent since the 2nd Quarter figures of 2001. This change is greater than percent in New Jersey, which experienced a gain of 0.7 percent since the 2nd Quarter of 2001. The losses felt were greater than than the gain seen for the United States of 2.6 percent.

Somerset County Five-Year Percentage Growth in Employment

The Activities related to credit intermediation industry has seen the largest percentage job growth, expanding by 848.6 percent from 2001 to 2006. This industry in Somerset County has increased employment faster than the industry has grown in the State of New Jersey, where this industry saw a gain of 22.6 percent. The Activities related to credit intermediation industry in Somerset County outpaced the United States, which experienced a gained 49.5 percent of the industry employment.

Top 5 Industries
1. Activities related to credit intermediation (848.6 percent gain)
2. Other heavy construction (800.0 percent gain)
3. Machinery and equipment rental and leasing (363.1 percent gain)
4. Wireless telecommunications carriers (273.0 percent gain)
5. Grocery and Related Product Wholesalers (255.2 percent gain)





About: This report is part 2 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.

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.

Housing Report for Somerset County, New Jersey

In Somerset County, the real estate market was made up of 119,260 homes in 2005. The county has experienced a growth in housing units, adding a sum of 4,118 housing units since the year 2001, or 3.6 percent.

Somerset County may be be described as having a extremely high proportion of residential real estate that is high priced. In 2005, the American Community Survey accounted that 37.2 percent of the homes were valued over $500,000.

The owner-occupied dwellings in Somerset County, New Jersey have seen large increases since their reported values in 2000. The values have increased by $165,200, or 70.3 percent, since 2000 when they were valued at $235,000.

Throughout the State of New Jersey, Somerset County places 9 of 21 by percent in growth of new residential structures. The county places 1,179 of 3,141, comparing the percentage change in residential in other US counties.

Somerset County recorded median owner-occupied home value in the year 2005 of $400,200, accounted by the American Community Survey. This is greater than the overall State of New Jersey 2005 home median value of $333,900 and greater than median home value of $167,500 across the nation during that year.

There is a limited amount of housing that is affordable in Somerset County, New Jersey. In 2005, 2.7 percent of the homes were valued under $125,000.

Data Source: U.S. Census Bureau

Employment Report for Somerset County, New Jersey -- Annual 2005 Industry Summary

Other services, except public administration is the industry with the largest change in employment since the year 2001 in Somerset County, changing a total of 26.6 percent. This is greater than the change in industry employment in the United States of 2.8 percent. The State of New Jersey saw a change in employment in the sector of 12.3 percent, during the time since 2001.

In Somerset County, Retail Trade, Manufacturing, and the Health care and social assistance industries have the largest percent of jobs of all industries. The Retail Trade is the major employer in the county making up 13.5 percent of the total county employment. This totals 20,837 individuals. The Manufacturing and Health care and social assistance industries make up 12.2 and 10.6 percent of all employment.

Information since the year 2001 was faced with the largest loss in employment in Somerset County. The industry was hit with a loss of 4,554 total jobs during the period, accounting for 33.5 percent of employment in the sector. These losses made up 33.3 percent of all county employment losses since 2001.

In Somerset County, Management of companies and enterprises, Information and Professional and technical services are the three industries with the highest location quotients. The Management of companies and enterprises sector in the county has a location quotient of 2.98. This means the percent of total employment in the Management of companies and enterprises industry is 2.98 times the percent of the national average, This signifies that Somerset County produces more than its local requirement of products and/or services of Management of companies and enterprises.

Management of companies and enterprises has the largest employers in Somerset County. In the County, the industry averages 172 jobs per establishment, which is greater than the industry's average in the United States of 40 and greater than the State of New Jersey typical size of 82 for the Management of companies and enterprises industry.

Somerset is the County that is ranked 11 of 22 total Counties throughout New Jersey in terms of total 2005 employment. The County’s employment ranking has moved up since the year 2001, when it was ranked 9 of 22 Counties.





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