new jersey’s life sciences industry sectorthe goal of this report is to get an “idea” of what...
TRANSCRIPT
Prepared by:New Jersey Department of Labor & Workforce Development
Office of Research & InformationBureau of Labor Market Information
Winter 2019-2020
New Jersey’s
Life Sciences Industry Sector
THE GOAL OF THIS REPORT IS TO GET AN “IDEA” OF WHAT LIFE SCIENCES MEANS TO NEW JERSEY
Identify the types of industries and establishments that make up the life sciences
industry sector based on a standard industry classification system.
Describe any similarities and differences among its components with regard to
such variables as employment, wage, occupation type, education, and demographic characteristics.
Examine any present distinctions within the sector and its components that give
New Jersey a competitive advantage compared to neighboring states, regions or the nation, or show areas where New Jersey could improve to add to the state’s economy.
Analyze the current state of the life sciences industry sector and provide an
outlook for employment into the future.
LIFE SCIENCES INDUSTRY SECTOR: OVERVIEW
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMAJOR INDUSTRY COMPONENTS
New Jersey’s Life Sciences employment in 2018 was identified within three primary components:pharmaceuticals (42.6%), biotechnology - R&D (40.7%) and medical device manufacturing (16.7%). Thebreakdown of the major segments are:
Pharmaceuticals• Pharmaceutical and medicine manufacturing• Soap, cleaning compound, and toiletry
manufacturing
Biotechnology (R&D)• Scientific research and development services
Medical Devices• Medical equipment and supplies manufacturing
Establishments that are primarily engaged in manufacturing or
distribution of drug related products.
Establishments primarily engaged in manufacturing medical equipment
and supplies.
Consists of service-related establishments primarily engaged in
scientific research, development and/or analytic.
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMAJOR NEW JERSEY EMPLOYERS
Pharmaceuticals Medical DevicesBiotechnology (R&D)
• Alberto-Culver Co.• Bayer HealthCare
Pharmaceutical• Bristol-Myers Squibb • Ethicon USA• Glaxo Smith Kline• Johnson & Johnson• Merck & Co. Inc.• Novartis Pharmaceuticals• Pfizer, Inc.• Sanofi Genzyme• Teva Pharmaceuticals USA• West-Ward
Pharmaceutical
• Abbott Laboratories• Bard International, Inc.• Becton Dickinson & Co.• Integra Life Sciences• Micro Corporation• Lohmann Therapy
Systems Corporation• Ortho McNeil
Pharmaceutical• Roche Molecular
Diagnostics • Safilo USA, Inc.• Stryker Orthopedics• Sony Electronics, Inc.
• Bioclinica, Inc.• Bioreference • Community Medical
Center• Collagen Matrix, Inc.• Covance, Inc.• Genesis Biotech• Immunomedics, Inc.• Medical Laboratory
Diagnostics• Lab Corp• Progenitor Cell Therapy• Sandoz, Inc.• SRI International
Some of New Jersey’s well-known employers in this sector include:
Source: 2019 InfoUSA
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTOROVERALL STATE IMPACT
Source: NJ Department of Labor & Workforce Development,
Quarterly Census of Employment and Wages, 2013 - 2018
Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
The Life Sciences Sector has an enormous impact on providing high quality jobs and adding significant value to the State’s economic activities. Recent New Jersey highlights included:
• Employment Total: averaged 72,900 or 2.1 percent of all private sector workers in the state for 2018. Nationally, the proportion was just 1.1 percent.
• Well-paying Jobs: Paid over $11.4 billion in 2018 annual payrolls; 5 percent of the state’s total wages.
• Establishments total: nearly 1,600 in 2018. Over a five year period (2013-2018) – even with numerous industry related reorganizations –New Jersey’s pharmaceutical component still grew (by +14.7%).
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORALL PRIVATE VS. INDUSTRY SECTOR EMPLOYMENT
0
20
40
60
80
100
120
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Emp
loym
en
t In
dex
Ye
ar 2
00
8 =
10
0%
Year
Life Sciences Total NJ Private Employment
Gray area denotes U.S. economic recession as defined by the National Bureau of Economic Research (NBER)
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2008 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
• The NJ life sciences industry experienced a steady decline from 2008 to 2014 (-19.5%), flattened out from 2014 to 2015 (-0.1%), increased from 2015 to 2016 (+0.4%), and is currently below the 2008 employment level (-20.4%).
• Total statewide private sector employment has led life sciences employment from 2010 to 2018 and is currently above the 2008 employment level by 4.5 percent.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTOREMPLOYMENT SIZE, GROWTH, SALARY & LOCATION QUOTIENT
-8,000
-6,000
-4,000
-2,000
0
2,000
4,000
6,000
8,000
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000
Emp
loym
en
t G
row
th 2
01
3 -
20
18
Annual Average Wage 2018
Surgical And Medical Instrument Manufacturing
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
The above bubble graph has four elements: 1. Total 2018 employment - represented by the size of the bubble.2. 2013-2018 employment growth- shown on the Y-axis, or vertical position.3. 2017 annual average wages - shown on the X-axis, or horizontal position.4. Location quotient - indicated by the color of the bubble. The location quotient compares the concentration of the industry subsectors in the state to those of the nation. Industries with a location quotient above 1 are known as “basic industries” which (in theory) export a good or service from the state and in return, bring in wealth.
Toilet Preparation Manufacturing
Pharmaceutical Preparation Manufacturing
R&D in Biotechnology
R&D in the Physical, Engineering and Life Sciences
Surgical Appliances and Supplies Manufacturing
Medicinal and Botanical Manufacturing
LIFE SCIENCES INDUSTRY SECTOR: EMPLOYMENT ANALYSIS
NEW JERSEY LIFE SCIENCES INDUSTRY SECTOR5-YEAR EMPLOYMENT TREND
• With an average of 72,900 workers employed in this NJ sector in 2018, the employment over the 5-year period experienced a decline of 2.6 percent.
• The pharmaceutical component experienced the largest total percent loss over the 5-year period (-13.8%).
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
36,040 36,51031,340 31,770 31,760 31,070
27,140 25,80030,460 30,440 28,220 29,650
11,650 11,480 11,860 11,85011,510
12,180
74,820 73,790 73,650 74,06071,490
72,900
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
2013 2014 2015 2016 2017 2018
An
nu
al A
vera
ge E
mp
loym
ent
Year
Employment Trend2013 - 2018
Pharmaceuticals Biotechnology Medical Device Industry Cluster
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORSUB-SECTOR EMPLOYMENT
In 2018, the 72,900 jobs within this New Jersey sector were concentrated in:
• 31,070 jobs• The pharmaceuticals component
accounted for 42.6 percent of the life sciences industry sector employment
• 29,650 jobs• Biotechnology (R&D) accounted for
40.7 percent of the life sciences sector employment
• 12,180 jobs • Medical devices is the smallest of the
three components and makes up 16.7 percent of the life sciences industry
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
29.3%
70.7%
Soap, cleaningcompound, and
toiletry mfg.
Pharmaceuticaland medicine
manufacturing
Pharmaceuticals
100.0%
Scientific researchand development
services
Biotechnology (R&D)
100.0%
Medicalequipment and
suppliesmanufacturing
Medical Devices
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICALS INDUSTRY EMPLOYMENT, 2018
1,230
1,810
6,150
14,870
0 5,000 10,000 15,000 20,000
Soap & Other Detergent Manufacturing
In-vitro Diagnostic SubstanceManufacturing
Toilet Preparation Manufacturing
Pharmaceutical Preparation Manufacturing
2018 Employment
Pharmaceuticals Industry
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
• Made up 42.6 percent of the life sciences industry sector’s employment in 2018.
• Pharmaceutical & medicine manufacturing (-27.1%) and soap, cleaning compound, and toiletry manufacturing (-3.5%) and toilet preparation manufacturing (-7.0%) encountered a decline in employment from year 2013 to 2018.Due to disclosure issues, medicinal and botanical mfg., surface active agent mfg., other biological
product mfg., and polish and sanitation good manufacturing are not included in the chart above.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY INDUSTRY EMPLOYMENT, 2018
160
1,460
13,180
14,850
0 5,000 10,000 15,000 20,000
Research & Development in Nanotechnology
Social Science/Humanities Research
Research & Development in Physical,Engineering & Life Sciences
Research & Development in Biotechnology
2018 Employment
Biotechnology
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
• Accounted for 40.7 percent of the life sciences industry sector’s employment in 2018.
• Research & development in biotechnology (58.7%) and social science & humanities research (81.4%) both experienced a significant growth over the 5-year period from 2013 to 2018.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICES INDUSTRY EMPLOYMENT, 2018
800
920
7,120
0 2,000 4,000 6,000 8,000
Dental Equipment and Supplies Mfg
Dental Laboratories
Surgical Appliance and Supplies Mfg
2018 Employment
Medical Devices
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
• Represented 16.7 percent of the life sciences industry sector’s employment in 2018.
• Surgical appliance and supplies manufacturing grew (+15.5%) over the 5-year period from 2013 to 2018, while dental laboratories declined (-9.2%) during the same period.Due to disclosure issues, surgical and medical instrument manufacturing, and
ophthalmic goods manufacturing are not included in the chart above.
LIFE SCIENCES INDUSTRY SECTOR: ESTABLISHMENT ANALYSIS
NEW JERSEY LIFE SCIENCES INDUSTRY SECTOR5-YEAR ESTABLISHMENT TREND
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
430 430 430 440 500 490
690 710 750 800 690 730
390 380 390390
370 370
1,510 1,520 1,5701,630
1,560 1,590
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2013 2014 2015 2016 2017 2018
An
nu
al A
vera
ge E
stab
lish
me
nts
Year
Establishment Trend2013 - 2018
Pharmaceuticals Biotechnology Medical Device Industry Cluster
• Establishments in this sector totaled 1,590 in 2018 after experiencing a notable growth (+5.3%) from 2013 – 2018.
• Pharmaceuticals sector has seen an upward trend from 2013 to 2018, adding an additional 60 establishments statewide.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORSUB-SECTOR ESTABLISHMENTS
• 490 establishments.• The pharmaceutical component
accounts for one-third of all life sciences industry establishments.
• 730 establishments.• Biotechnology embraces almost half
of all life sciences establishments in the state.
• 370 establishments. • The medical devices component has the
least establishments of all three life sciences industry components.
38.0%
62.0%
Soap, cleaningcompound, and
toiletry mfg.
Pharmaceuticaland medicine
manufacturing
Pharmaceuticals
100.0%
Scientific researchand development
services
Biotechnology (R&D)
100.0%
Medicalequipment and
suppliesmanufacturing
Medical Devices
In 2018, New Jersey had 1,590 establishments in this sector engaged in:
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICALS INDUSTRY ESTABLISHMENTS, 2018
• Accounted for 30.9 percent of the life sciences industry sector’s establishments in 2018.
• Establishments in the soap and cleaning compound manufacturing industries (-33.9%) declined from 2013 to 2018, while toiletry manufacturing industries (+9.5%) and pharmaceutical preparation manufacturing (+36.0%) both realized growth during the same period.
20
40
120
220
0 50 100 150 200 250
In-Vitro Diagnostic SubstanceManufacturing
Soap And Other Detergent Manufacturing
Toilet Preparation Manufacturing
Pharmaceutical PreparationManufacturing
2018 Establishments
Pharmaceuticals Industry
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
Due to disclosure issues, medicinal and botanical mfg., surface active agent mfg., other biological product mfg., and polish and sanitation good manufacturing are not included in the chart above.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY INDUSTRY ESTABLISHMENTS, 2018
• Made up 45.9 percent of all establishments in the life sciences industry sector in 2018 with 730 establishments.
• R & D in biotechnology (+22.3%) and social science & humanities research (+7.1%) both experienced growth from 2013 to 2018, while R & D development in physical, engineering and life sciences (-10.1%) experienced a decline in establishments during the same period.
20
90
310
310
0 100 200 300 400
Research & Development inNanotechnology
Social Science/Humanities Research
Research & Development in Biotechnology
R & D in Physical, Engineering & LifeSciences
2018 Establishments
Biotechnology (R&D)
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICES INDUSTRY ESTABLISHMENTS, 2018
• Represented 23.1 percent of the life sciences industry sector’s establishments in 2018.
• Surgical appliance and supplies manufacturing grew (16.9%), while dental laboratories (-24.6%) experienced a decline in establishments over the 5-year period from 2013 to 2018.
20
100
140
0 25 50 75 100 125 150
Dental Equipment and Supplies Mfg
Surgical Appliance and Supplies Mfg
Dental Laboratories
2018 Establishments
Medical Devices
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
Due to disclosure issues, surgical and medical instrument mfg., and ophthalmic goods mfg. are not included in the chart above.
LIFE SCIENCES INDUSTRY SECTOR: ANNUAL AVERAGE WAGE ANALYSIS
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORALL PRIVATE SECTOR VS. LIFE SCIENCES ANNUAL AVERAGE WAGE
$1
15
,78
0
$1
19
,15
0
$1
23
,58
0
$1
27
,79
0
$1
38
,97
0
$1
43
,53
0
$1
52
,51
0
$1
60
,33
0
$1
55
,87
0
$1
58
,71
0
$1
57
,08
0
$5
4,9
30
$5
4,5
40
$5
5,7
40
$5
6,8
90
$5
8,0
90
$5
9,0
30
$6
0,1
50
$6
1,9
80
$6
2,4
20
$6
3,7
40
$6
5,3
60
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
An
nu
al A
vera
ge W
age
Year
Life Sciences All Industries
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2008 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
• Wages in the life sciences sector have averaged 237% of the statewide annual average wage since 2008.
• Annual average wages for the sector have risen +35.7% over the ten year period from 2008 to 2018.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTOR5-YEAR AVERAGE ANNUAL WAGES TREND
• This sector’s average annual wage was $157,080 in 2018, which was 140.3 percent higher than the state’s total private sector’s average annual wage of $65,360.
• All three of this sector’s components had 2018 wages that were significantly higher than the state’s total average annual wage.
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
$1
59
,26
0
$8
6,9
30
$1
66
,18
0
$9
9,9
20
$5
9,0
30
$1
42
,74
0
$9
2,0
40
$1
94
,97
0
$1
39
,28
0
$6
5,3
60
$0
$50,000
$100,000
$150,000
$200,000
Pharmaceutical &Medicine Mfg.
Soap, CleaningCompound &Toiletry Mfg.
Scientific R&DServices
Medical Equipment& Supplies Mfg.
Total StatewideSectors
An
nu
al A
vera
ge W
age
Industry Sectors
2013
2018
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICALS INDUSTRY ANNUAL AVERAGE WAGE, 2018
$62,290
$86,560
$110,420
$148,920
$0 $50,000 $100,000 $150,000 $200,000
Soap & Other Detergent Mfg.
Toilet Preparation Mfg.
In-Vitro Diagnostic Substance Mfg.
Pharmaceutical Preparation Mfg.
2018 Annual Average Wage
Pharmaceuticals Industry• Annual average wages
decreased $12,680 (or -9.0%), from $140,570 in 2013 to $127,890 in 2018.
• Changes in this industry ranged from soap, cleaning, compound, and toiletry manufacturing (+5.9%) to pharmaceutical & medicine manufacturing (-10.4%) in annual average wages from 2013 to 2018.
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
Due to disclosure issues, medicinal and botanical mfg., surface active agent mfg., other biological product mfg., and polish and sanitation good manufacturing are not included in the chart above.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY INDUSTRY ANNUAL AVERAGE WAGE, 2018
$82,580
$92,360
$177,760
$221,560
$0 $100,000 $200,000 $300,000
Research & Development in Nanotechnology
Social Science/Humanities Research
R & D in Physical, Engineering & Life Sciences
Research & Development in Biotechnology
2018 Annual Average Wage
Biotechnology (R&D) • Annual average wages were $194,970 in 2018, up +17.3 percent from $166,180 in 2013.
• Research and development in biotechnology experienced the highest wages increase from $178,860 in 2013 to $221,560 in 2018. A total growth of +23.9%.
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICES INDUSTRY ANNUAL AVERAGE WAGE, 2018
$60,240
$67,690
$131,370
$0 $50,000 $100,000 $150,000
Dental Laboratories
Dental Equipment and Supplies Mfg
Surgical Appliance and Supplies Mfg.
2018 Annual Average Wage
Medical Devices• Annual average
wages were $139,270 in 2018, up +39.4% from $99,910 in 2013.
• Dental laboratories experienced a significant wages increase from $47,940 in 2013 to $60,240 in 2018. A total growth of +25.7%.
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
Due to disclosure issues, surgical and medical instrument mfg., and ophthalmic goods mfg. are not included in the chart above.
LIFE SCIENCES INDUSTRY SECTOR: REGIONAL AND COUNTY ANALYSIS
NEW JERSEY LIFE SCIENCES INDUSTRY SECTOREMPLOYMENT BY COUNTY, 2018 ANNUAL AVERAGES
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
11,530
10,560 9,870
7,670 7,560
4,170
2,210 2,170 2,110
1,160 1,010 1,010 690
390 330 210 90 50 0
2,000
4,000
6,000
8,000
10,000
12,000
An
nu
al A
vera
ge E
mp
loym
ent
County
• In 2018, half of Bergen County’s employment was found in medical equipment and supplies manufacturing (3,780).
• 49.2 percent of the employment found in Somerset County was in pharmaceutical and medicine manufacturing (4,330).
Due to disclosure issues Cumberland, Salem and
Somerset Counties are not included in the chart above.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORLIFE SCIENCES ANNUAL AVERAGE WAGE BY REGION 5-YEAR TREND
$160,820
$172,830
$181,070
$172,330
$180,510$172,560
$124,290$129,120
$136,900 $139,030$132,550
$140,710
$70,590$75,090
$79,190 $80,900$84,770 $83,360
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
2013 2014 2015 2016 2017 2018
An
nu
al A
vera
ge W
age
Year
Life Sciences Annual Average Wage Trend
Northern Region Central Region Southern Region
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2013 - 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
• Northern Region - (Bergen, Essex, Hudson, Hunterdon, Morris, Passaic, Somerset, Sussex, Union, and Warren Counties) – Presented the smallest annual average wage increase (+7.3%) from 2013 - 2018.
• Central Region – (Mercer, Middlesex, Monmouth, and Ocean Counties) – Annual average wage for this region increased 13.2 percent during the same period.
• Southern Region – (Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Salem Counties) – This region experienced the highest growth in annual average wage over the five-year period. A total of 18.1 percent.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCOUNTIES IN THE NORTHERN REGION
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
The highlighted region to the left consists of Bergen, Essex, Hudson, Morris, Passaic, Somerset, and Union Counties.
• Establishments – A majority of the Life Sciences industry related establishments can be found along major highways in New Jersey within a close proximity to New York, New York.
• Employment – Represent more than half of the life sciences employment in New Jersey in 2018.
• Average Wage – The average wage for these counties in life sciences related industries is comparatively above the statewide total average in this sector ($173,720 vs. $157,080).
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCOUNTIES IN THE CENTRAL REGION
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
The highlighted region to the left consists of Mercer, Middlesex, Monmouth, and Ocean Counties.
• Establishments - These counties account for more than a quarter of all establishments in the life sciences industry sector in New Jersey.
• Employment – Employment for these five counties makes up nearly one third of employment in the life sciences industry sector.
• Average Wage – The average wage for these counties in life sciences related industries is relatively below the statewide total average in this sector ($140,710 vs. $157,080) in 2018.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCOUNTIES IN THE SOUTHERN REGION
Source: NJ Department of Labor & Workforce
Development, Quarterly Census of Employment and
Wages, 2018 Annual Averages
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
The highlighted region to the left consists of Burlington, Camden, and Gloucester Counties.
• Establishments – Having a close proximity to Philadelphia, PA these three counties account for 6 percent of all life sciences industry establishments in New Jersey.
• Employment – The three counties have slightly more than 3,560 employment.
• Average Wage – The average wage for these counties in life sciences related industries is below the statewide total average in this sector ($83,080 vs. $157,080). These counties also account for 2.6 percent of total life sciences annual average wages paid in 2018.
LIFE SCIENCES INDUSTRY SECTOR: OCCUPATIONAL ANALYSIS
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP OCCUPATIONAL GROUPS, 2018
Occupational Title2018
Employment
2018 Average Salary
All Life Sciences Occupations 73,790 $92,310
Production 18,610 $42,040
Life, Physical, and Social Science 15,270 $115,100
Management 8,460 $190,420
Business and Financial Operations 7,000 $106,580
Office and Administrative Support 6,260 $50,860
Computer and Mathematical 4,110 $121,910
Architecture and Engineering 3,520 $110,820
Transportation and Material Moving 3,440 $35,100
Installation, Maintenance, and Repair 2,070 $63,050
Sales and Related 1,550 $106,150
Healthcare Practitioners and Technical 930 $79,400
Healthcare Support 580 $33,600
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
Production25.3%
Life, Physical, and Social Science
20.8%
Management 11.5%
Business and Financial
Operations 9.5%
Office and Administrative
Support 8.5%
Computer and Mathematical
5.6%
Architecture and Engineering
4.8%
Transportation and Material Moving
4.7%
Installation, Maintenance, and Repair
2.8%
Other6.4%
Life Sciences Industry Sector
Note: Due to disclosure issues, of the total 73,790 jobs identified, only 99.6% could be used for this occupational analysis.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP 20 OCCUPATIONS BY EMPLOYMENT, 2018
New Jersey Life Sciences Sector's Top 20 Occupations
NAICS and Occupational Title2018
EmploymentEducation
19-1021 Biochemists and Biophysicists 4,660 Doctoral or professional degree
19-2031 Chemists 4,510 Bachelor's degree
51-9111 Packaging and Filling Machine Operators and Tenders 3,310 High school diploma or equivalent
51-9061 Inspectors, Testers, Sorters, Samplers, and Weighers 2,000 High school diploma or equivalent
11-9121 Natural Sciences Managers 1,880 Bachelor's degree
51-9011 Chemical Equipment Operators and Tenders 1,830 High school diploma or equivalent
19-4031 Chemical Technicians 1,750 Associate's degree
51-9023 Mixing and Blending Machine Setters, Operators, and Tenders 1,730 High school diploma or equivalent
19-1042 Medical Scientists, Except Epidemiologists 1,630 Doctoral or professional degree
51-1011 First-Line Supervisors of Production and Operating Workers 1,460 High school diploma or equivalent
13-1041 Compliance Officers, Except Agriculture, Construction, Health and Safety, and Transportation 1,330 Bachelor's degree
17-2112 Industrial Engineers 1,190 Bachelor's degree
15-1132 Software Developers, Applications 1,180 Bachelor's degree
11-2021 Marketing Managers 1,120 Bachelor's degree
13-1161 Market Research Analysts and Marketing Specialists 1,100 Bachelor's degree
41-4012 Sales Rep., Wholesale and Manufacturing, Except Technical and Scientific Products 1,080 High school diploma or equivalent
11-3051 Industrial Production Managers 1,060 Bachelor's degree
53-7062 Laborers and Freight, Stock, and Material Movers, Hand 1,060 No formal educational credential
49-9041 Industrial Machinery Mechanics 930 High school diploma or equivalent
13-2011 Accountants and Auditors 900 Bachelor's degree
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICAL COMPONENT, 2018
Production35.5%
Life, Physical, and Social Science
17.5%
Office and Administrative Support
9.1%
Management8.5%
Business and Financial Operations
7.8%
Transportation and Material Moving
6.4%
Installation, Maintenance, and Repair
4.3%Computer and Mathematical
3.5%
Other7.3%
An occupational analysis of 33,500 jobs revealed that five major occupational groups in this component accounted for nearly three-fourths (78,4%) of the employment.
Production and Life, Physical, and Social Science occupations employed the most in this component with approximately 17,760 jobs.
Note: Due to disclosure issues, of the total 33,600 jobs identified, only 33,500 could be used for this occupational analysis.
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICAL’S MAJOR OCCUPATIONAL GROUPS, 2018
• A majority of occupations in pharmaceutical & medicine manufacturing and pharmaceutical & chemical manufacturing are production related.
• In both industry groups, computer & mathematical and installation, maintenance and repair occupations account for a significant portion of the employment within the “Other” categories.
Production33%
Life, Physical, and Social Science
24%
Management9%
Business and Financial
Operations9%
Office and Administrative
Support7%
Other18%
Pharmaceutical & Medicine Manufacturing
Production41%
Office and Administrative
Support14%
Transportation and Material
Moving14%
Management6%
Business and Financial Operations
6%
Other19%
Pharmaceutical & Chemical Manufacturing
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP PHARMACEUTICAL OCCUPATIONS, 2018
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
3,3
10
3,2
60
1,7
30
1,7
20
1,4
70
1,1
00
93
0
$0
$20,000
$40,000
$60,000
$80,000
$100,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Packaging andFilling MachineOperators and
Tenders
Chemists Mixing andBlending
Machine Setters,Operators, and
Tenders
ChemicalEquipment
Operators andTenders
Inspectors,Testers, Sorters,Samplers, and
Weighers
First-LineSupervisors of
Production andOperatingWorkers
IndustrialMachineryMechanics
Ave
rage SalaryEm
plo
yme
nt
Occupation
Employment Average Salary
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY (R&D) COMPONENT, 2018
Life, Physical, and Social Science
33.1%
Management17.4%
Business and Financial Operations
13.7%
Computer and Mathematical
9.4%
Architecture and Engineering
6.4%
Office and Administrative
Support6.3%
Production2.9%
Healthcare Practitioners and Technical
2.2%
Other8.6%
An occupational analysis of 28,000 jobs revealed that five major occupational groups in this component accounted for nearly four-fifth (79.9%) of the employment.
Life, physical, and social science occupations employed the most in this component with approximately 9,260 jobs, and accounted for more than one-third of the component.
Note: Due to disclosure issues, of the total 28,140 jobs identified, only 28,000 could be used for this occupational analysis.
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY (R&D) MAJOR OCCUPATIONAL GROUP, 2018
Life, Physical, and Social
Science34%
Management17%
Business and Financial
Operations14%
Computer and Mathematical
9%
Architecture and Engineering
6%
Office and Administrative
Support6%
Other14%
Scientific Research & Development Services• The biotech’s occupational
group shows that this industry class holds a significant portion of professional, scientific, and technical workers with in-depth skills and knowledge related to science.
• In this bundle, production, healthcare practitioners & technical, and healthcare support occupations account for a significant portion of the employment within the “Other” category.
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP BIOTECHNOLOGY (R&D) OCCUPATIONS, 2018
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
4,0
20
1,3
40
1,2
10
1,0
10
97
0
95
0
83
0
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Biochemists andBiophysicists
Natural SciencesManagers
Chemists ChemicalTechnicians
MedicalScientists, ExceptEpidemiologists
MarketingManagers
Market ResearchAnalysts and
MarketingSpecialists
Ave
rage SalaryEmp
loym
en
t
Occupation
Employment Average Salary
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICE COMPONENT, 2018
Production49.3%
Office and Administrative Support12.1%
Transportation and Material
Moving10.4%
Architecture and
Engineering6.9%
Management6.1%
Business and Financial
Operations4.7%
Other10.5%
An occupational analysis of 11,970 jobs revealed that five major occupational groups in this component accounted for more than four-fifths of the employment (84.8%).
Production occupations employed the most in this component with 5,900 jobs, and accounted for nearly half of the component (49.3%).
Note: Due to disclosure issues, of the total 12,050 jobs identified, only 11,970 could be used for this occupational analysis.
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICES MAJOR OCCUPATIONAL GROUPS, 2018
Production49%
Office and Administrative Support
12%Transportation and
Material Moving10%
Architecture and Engineering
7%
Management6%
Business and Financial Operations
5%Other11%
Medical Equipment and Supplies Manufacturing• The medical devices' occupational group shows that this industry class holds a significant portion of technical workers with skills and knowledge related to production.
• In this bundle, the installation, maintenance & repair, computer & mathematical, and sales & related occupations account for a significant portion of the employment within the “Other” category.
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP MEDICAL DEVICE OCCUPATIONS, 2018
Source: NJ Department of Labor & Workforce
Development, Occupational Employment Statistics,
May 2018
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
64
0
59
0
53
0
47
0
33
0
31
0
30
0
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
0
100
200
300
400
500
600
700
Molding,Coremaking, andCasting Machine
Setters, Operators,and Tenders, Metal
and Plastic
MedicalAppliance
Technicians
Inspectors, Testers,Sorters, Samplers,
and Weighers
DentalLaboratoryTechnicians
Computer-Controlled
Machine ToolOperators, Metal
and Plastic
IndustrialEngineers
First-LineSupervisors of
Production andOperating Workers
Ave
rage SalaryEm
plo
yme
nt
Occupation
Employment Average Salary
LIFE SCIENCES INDUSTRY SECTOR: DEMOGRAPHIC OVERVIEW
NEW JERSEY LIFE SCIENCES INDUSTRY SECTOREDUCATION CHARACTERISTICS
High School or less
16.0%
Some college/ Associates
degree13.4%
Bachelor's degree35.7%
Master's/ Professional
degree26.4%
Doctoral degree8.5%
Educational Breakdown • It is often mentioned that life sciences related employers require a well-educated and highly skilled workforce to meet the high level and technical demands of many of the occupations they need to fill.
• Nearly two-thirds of New Jersey’s workforce employed in this sector hold at least a Bachelor’s degree, many holding even more advanced degrees.
Source: U.S. Census Bureau, 2017 American
Community Survey
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORGENDER, RACIAL, AND ETHNIC PROFILE
Male53%
Female47%
All Industries
White63%
Black10%
Asian22%
Other5%
Life Sciences
White68%
Black13%
Asian10%
Other8%
All Industries
Non-Hispanic
86%
Hispanic14%
Life Sciences
Non-Hispanic
80%
Hispanic20%
All Industries
Males outnumber females by 7.1 % in this sector
Male54%
Female46%
Life Sciences
The life sciences workforce has a greater proportion of NJ residents who are Asian (22.2%)
The life sciences workforce has fewer Hispanics than average
Source: U.S. Census Bureau, 2017 American
Community Survey
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORLIFE SCIENCES SECTOR VS. TOTAL NONFARM
-30
.0%
-20
.0%
-10
.0%
0.0
%
10
.0%
20
.0%
30
.0%
65 & over
55-64
45-54
35-44
25-34
Less than 25
Age Breakdown of Workers in Life Sciences and All Industries
New Jersey, 2017
Life Sciences
All Industries
• The workforce of the life sciences industry is older than average with 50.8 percent aged 45 and up compared to only 46.8 percent overall.
• The largest disparity among age cohorts occurs in the 35-44 and 45-54 year old age groups, where 52.6 percent of the life sciences industry sector is found.
• 3.5 percent of the current NJ resident life sciences workforce is aged 65 and older.
Source: U.S. Census Bureau, 2017 American
Community Survey
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORNJ RESIDENTS PERSONAL EARNINGS
11
.8%
13
.1%
19
.5%
14
.6%
20
.7%
9.5
%
10
.8%
32
.0%
23
.2%
17
.7%
9.9
%
9.5
%
3.4
%
4.2
%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
Tota
l Pe
rce
nt
of
Wo
rke
rs
Personal Earnings in New Jersey, 2017
Life Sciences All Industries
• Three-fourths of the workers (75.1%) in this sector earned over $50,000, whereas 55.3% of all workers (in all industries combined) earned less than $50,000.
• The percentage of workers making $150,000 or greater is almost a 3:1 ratio in favor of this sector.
Source: U.S. Census Bureau, 2017 American
Community Survey
Prepared by: New Jersey Department of Labor and
Workforce Development, January 2020
Earnings (U.S. Dollars)
LIFE SCIENCES INDUSTRY SECTOR: TOP OCCUPATIONS OUTLOOK
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP LIFE SCIENCES OCCUPATIONS OUTLOOK ACROSS ALL INDUSTRIES
Source: New Jersey Department of Labor and Workforce
Development, 2016–2026 Industry and Occupational
Employment Projections.
Prepared by: New Jersey Department of Labor and Workforce
Development, January 2020
Employment Annual Average
Occupation Title Actual ProjectedChange
2016-2026Job Openings
2016 2026 Number Percent Exits Transfers Change Total
Phlebotomists 4,700 5,600 900 19.5 220 300 90 610
Laborers and Freight, Stock, and Material Movers, Hand 120,400 138,300 17,900 14.9 6,410 11,060 1,790 19,260
Receptionists and Information Clerks 54,000 60,050 6,050 11.2 3,550 3,780 600 7,930
Packers and Packagers, Hand 31,600 34,950 3,350 10.7 2,250 2,720 340 5,310
Chemists 7,350 8,100 750 10.3 200 480 80 750
Biochemists and Biophysicists 5,650 6,250 600 10.3 120 380 60 560
Chemical Technicians 4,200 4,650 450 9.9 150 260 40 450
General and Operations Managers 44,800 49,100 4,300 9.5 970 2,800 430 4,200
Natural Sciences Managers 4,300 4,650 350 9.0 100 250 40 390
Pharmacy Technicians 10,200 11,100 900 8.7 350 470 90 910
Packaging and Filling Machine Operators and Tenders 15,550 16,900 1,350 8.4 770 1,080 130 1,970
Sales Reps., Wholesale and Mfg., Except Tech and Scientific Products 46,950 49,800 2,850 6.1 1,600 3,240 280 5,120
Compliance Officers 11,200 11,800 600 5.6 320 580 60 970
Customer Service Representatives 70,750 74,350 3,600 5.1 3,710 5,440 360 9,510
First-Line Supervisors of Production and Operating Workers 13,000 13,600 600 4.9 420 850 60 1,340
Mixing and Blending Machine Setters, Operators, and Tenders 4,050 4,150 100 2.9 150 310 10 470
Chemical Equipment Operators and Tenders 3,550 3,650 100 2.7 100 280 10 390
Inspectors, Testers, Sorters, Samplers, and Weighers 13,250 13,050 -200 -1.5 550 1,010 -20 1,530
Office Clerks, General 73,450 72,050 -1,400 -1.9 4,270 4,160 -140 8,290
Secretaries and Adm. Assistants, Except Legal, Medical, and Executive 68,150 62,950 -5,200 -7.6 3,530 3,440 -520 6,450
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPROJECTED ANNUAL AVERAGE OPENINGS FOR TOP OCCUPATIONS
6,410
3,710
4,270
3,550
3,530
2,250
1,600
970
770
550
11,060
5,440
4,160
3,780
3,440
2,720
3,240
2,800
1,080
1,010
1,790
360
-140
600
-520
340
280
430
130
-20
-1,000 1,000 3,000 5,000 7,000 9,000 11,000
Laborers and Freight, Stock, and Material Movers, Hand
Customer Service Representatives
Office Clerks, General
Receptionists and Information Clerks
Secretaries and Administrative Assistants, Except Legal, Medical, andExecutive
Packers and Packagers, Hand
Sales Representatives, Wholesale and Manufacturing, ExceptTechnical and Scientific Products
General and Operations Managers
Packaging and Filling Machine Operators and Tenders
Inspectors, Testers, Sorters, Samplers, and Weighers
Job Openings
2016-2026 Projected Annual Average Job Openings
Exits Transfers Change
9,510
6,450
5,310
4,200
1,970
1,530
19,260
Source: New Jersey Department of Labor and Workforce
Development, 2016–2026 Industry and Occupational
Employment Projections.
Prepared by: New Jersey Department of Labor and Workforce
Development, January 2020
8,290
7,930
5,120
Occ
up
atio
ns
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCOPYRIGHT STATEMENT
This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.
NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCONTACT INFORMATION
New Jersey Department of Labor & Workforce Development
http://lwd.dol.state.nj.us/
P.O. Box 057
Trenton, NJ 08625-0057
Office of Research and Information
http://lwd.dol.state.nj.us/labor/lpa/LMI_index.html
Alex Ancianis– Labor Market Analyst
Tel: (609)292-2742
Email: [email protected]