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New Jersey ’s
Health Care Industry Cluster
Prepared by:New Jersey Department of Labor & Workforce Development
Office of Research & InformationBureau of Labor Market Information
Winter 2020-2021
NEW JERSEY HEALTH CARE HIGHLIGHTS
• Over $44 billion to GDP in 2019, 7.9 percent of all output
• Added 231,700 new jobs since 1990
• Only industry that has added jobs every year since 1990
• Projected to add 64,860 jobs through 2028
• $29.8 billion in total wages, 12.7 percent of all wages paid
Source: United States Bureau of Economic Analysis, GDP in Chained 2012 DollarsQuarterly Census of Employment and Wages, 2019 Annual AveragesCurrent Employment Statistics, 2018 Annual Average
Prepared by: New Jersey Department of Labor and Workforce DevelopmentOctober, 2020
The health care sector can be divided into three major components
Ambulatory Health Care Services Hospitals
•Nursing Care Facilities•Residential Intellectual and Development Disabilities Facilities•Residential Mental and Substance Abuse Care•Continuing Care Retirement Communities•Homes for the Elderly
Nursing and Residential Care Services
Source: North American Industry Classification System (NAICS)Prepared by: New Jersey Department of Labor and Workforce DevelopmentOctober, 2020
•Offices of Physicians•Offices of Mental Health Physicians•Offices of Dentists•Offices of Chiropractors•Offices of Optometrists•Offices of Mental Health Practitioners•Offices of Specialty Therapists•Offices of Podiatrists•Offices of Miscellaneous Health Practitioners•Family Planning Centers•Outpatient Mental Health Centers•HMO Medical Centers•Kidney Dialysis Centers•Freestanding Emergency Medical Centers•Medical Laboratories•Diagnostic Imaging Centers•Home Health Care Services•Ambulance Services•Blood and Organ Banks
•General Medical and Surgical Hospitals•Psychiatric and Substance Abuse Hospitals•Other Hospitals
The landscape of health care delivery has changed dramatically over the past 29 years
Ambulatory Health Care
Services35%
Hospitals 47%
Nursing and Residential
Care Facilities
18%
1990
Ambulatory Health Care
Services49%
Hospitals 32%
Nursing and Residential
Care Facilities
19%
2019
Source: NJLWD, Current Employment Statistics, Annual AveragesPrepared by: New Jersey Department of Labor and Workforce DevelopmentAugust 2020
Employment of Components as a Percentage of Total Health CareNew Jersey, 1990 & 2019
Healthcare employment surpassed 500,000
94.6
97.
710
3.1
108
.31
13.1
120
.61
27.1
131
.013
5.1
137.
714
0.8
145.
015
1.6
158.
81
62
.716
8.9
173.
81
78.6
182
.518
6.8
191
.51
95.4
201.
72
10.9
218
.422
3.6
228.
423
5.1
239.
02
43.91
28.6
133
.813
7.8
142.
114
3.2
142.
814
1.1
143.
614
6.7
147.
714
7.6
149.
015
2.7
153.
715
3.4
153.
915
3.1
154
.815
6.1
155
.515
5.0
15
5.9
15
7.7
15
4.8
15
3.5
15
7.6
16
0.0
161.
61
62
.41
64
.3
48.0
49.7
51
.35
3.0
56
.15
9.3
61
.36
4.1
66
.46
8.1
70.9
69
.7 73
.77
4.0
76
.57
9.7
80
.98
1.9
84
.68
7.2
88
.69
0.1
92
.59
4.0
95
.79
4.9
94
.795
.99
5.9
94
.7
0
100
200
300
400
500
1990 1995 2000 2005 2010 2015Em
plo
ymen
t (0
00s)
Employment in Health Care ComponentsNew Jersey, 1990-2019
Nursing and Residential Care Facilities
Hospitals
Ambulatory Health Care Services
Source: NJLWD, Current Employment Statistics, Annual AveragesPrepared by: New Jersey Department of Labor and Workforce DevelopmentAugust 2020
Only industry that has added jobs in the state every year since 1990
Employment in Nursing and Residential Care has doubled
Annualized growth of 2.2 percent since 1990
Employment in Ambulatory Care has nearly tripled
Employment trends since the Great Recession
80
90
100
110
120
130
Employment in Health Care and All Other Private SectorNew Jersey: January, 2007-December, 2019
Health Care
Total Private minus Health Care
2007
Source: NJLWD, Current Employment Statistics, Monthly Estimates, Not Seasonally AdjustedPrepared by: New Jersey Department of Labor and Workforce DevelopmentAugust 2020
January, 2007 = 100
2012
Shaded areas indicate recessionary periods as determinedby the National Bureau of Economic Research
2019
During the recession, health care sector added nearly 10,000 jobs
All other industries combined lost 175,000 jobs
The health care industry continued its steady growth during the ensuing decade
New Jersey’s 75 hospitals serve the state’s 9 million residents
Number of Hospitals by County
Essex 9 Mercer 4 Passaic 2
Middlesex 7 Morris 4 Salem 2
Bergen 6 Ocean 4 Sussex 2
Hudson 6 Atlantic 3 Warren 2
Camden 5 Union 3 Cape May 1
Monmouth 5 Cumberland 2 Hunterdon 1
Burlington 4 Gloucester 2 Somerset 1
Top occupations found in healthcare
Occupation2019
EmploymentShare of Industry
Average Salary
Minimum Educational Requirement
Total All Health Care Occupations 497,380 100.0% $64,516
Top 20 Occupations 337,370 68.4% $60,008
Registered Nurses 67,800 13.6% $84,284 Bachelor's degree
Nursing Assistants 45,920 9.2% $31,190 Postsecondary nondegree award
Home Health Aides 38,030 7.6% $27,201 No formal educational credential
Receptionist and Information Clerks 33,420 6.7% $33,374 High school diploma or equivalent
Medical Assistants 18,000 3.6% $37,329 Postsecondary nondegree award
Licensed Practical and Licensed Vocational Nurses 14,880 3.0% $57,512 Postsecondary nondegree award
Physicians and Surgeons 13,990 2.8% $207,444 Doctoral or professional degree
Medical and Health Services Managers 10,610 2.1% $120,650 Bachelor's degree
Medical Secretaries 10,510 2.1% $43,166 High school diploma or equivalent
Dental Assistants 9,920 2.0% $44,365 Postsecondary nondegree award
Food Servers, Nonrestaurant 9,080 1.8% $26,087 No formal educational credential
Billing and Posting Clerks 8,460 1.7% $42,923 High school diploma or equivalent
Maids and Housekeeping Cleaners 8,210 1.7% $27,718 No formal educational credential
Supervisors of Office and Admin Support Workers 7,990 1.6% $64,389 High school diploma or equivalent
Social and Human Service Assistants 7,740 1.6% $37,487 High school diploma or equivalent
Clinical Laboratory Technologists and Technicians 7,430 1.5% $64,543 Bachelor's degree
Physical Therapists 7,080 1.4% $99,062 Doctoral or professional degree
Dental Hygienists 6,590 1.3% $87,271 Associate’s Degree
Nurse Practitioners 5,990 1.2% $123,810 Doctoral or professional degree
Emergency Medical Technicians and Paramedics 5,720 1.2% $37,550 Postsecondary nondegree award
Health Care Practitioner Office & AdministrativeHealth Care Support
Source: NJLWD, Occupational Employment Statistics Survey, May 2019Prepared by: New Jersey Department of Labor and Workforce DevelopmentNovember 2020
Healthcare occupations on opposite sides of the salary scale
$193,895
$207,444
$215,036
$215,983
$220,792
$240,115
$247,319
$275,682
$279,660
$292,276
Nurse Anesthetists
Physicians
Pediatricians, General
Family Medicine Physicians
General Internal MedicinePhysicians
Orthodontists
Psychiatrists
Obstetricians and Gynecologists
Surgeons
Anesthesiologists
Occupations on the Higher End of the Salary Scale
$31,639
$31,190
$30,345
$29,603
$27,829
$27,718
$27,201
$26,087
$25,545
$23,986
Orderlies
Nursing Assistants
Concierges
Recreation Workers
Physical Therapist Aides
Maids and Housekeeping Cleaners
Home Health and Personal Care Aides
Food Servers, Nonrestaurant
Food Preparation Workers
Laundry and Dry-Cleaning Workers
Occupations on the Lower End of the Salary Scale
Average Salary, 2019 Average Salary, 2019
Source: NJLWD, Occupational Employment Statistics Survey, May 2019Prepared by: New Jersey Department of Labor and Workforce DevelopmentOctober 2020
Baby Boom generation will continue to increase demand for the health care sector
0.0% 20.0% 40.0%
65 & over
55-64
45-54
35-44
25-34
Less than 25
Population Estimates and Projections in New Jersey2010-2034
2010
2014
2024
2034
20 percent of population will be 65+ by 2034
Continued opportunities in gerontology, physical therapy and residential and nursing home care
Source: NJLWD, Population and Labor Force Projection, 2014-2034Prepared by: New Jersey Department of Labor and Workforce DevelopmentOctober 2020
Working age population (aged 25-64) is projected to decline
Click here for more detailed analysis of this industry
New Jersey Department of Labor & Workforce Developmenthttp://lwd.dol.state.nj.us/
PO Box 057
Trenton, NJ 08625-0057
Office of Research and Informationhttp://lwd.dol.state.nj.us/labor/lpa/LMI_index.html
Brandon Schoonover– Labor Market Analyst
Tel: (609) 292-7281
Email: [email protected]
NEW JERSEY HEALTHCARE INDUSTRY SECTORCONTACT INFORMATION
