AeA Report: New Jersey Tech Industry Employment Totals 202,600; High-Tech Exports from New Jersey Increase by 14 Percent in 2004.CLARK, N.J. -- New Jersey's high-tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. industry employment fell by 14,600 from 217,200 in 2002 to 202,600 in 2003, the most recent available state data. While New Jersey was hit hard by the technology downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. , high-tech job losses slowed in 2003 compared to 2002, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cyberstates 2005: A State-by-State Overview of the High-Technology Industry, a new analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. report released today by AeA. The report found that at the sector level, New Jersey ranked 3rd nationwide by defense electronics employment with 9,100 jobs, and 6th in computer systems design and related services employment with 50,100 jobs. "The good news is that job loss has slowed considerably since the bursting of the tech bubble A bit in bubble memory or a symbol in a bubble chart. in 2000," said Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs G. Werthan, Chief Financial Officer, EMCORE EMCORE Environmental Management Center Opportunities Resource Corporation and Chairperson chairperson Chairman The head of an academic department. See 'Chair.', Cf Chief. for the Executive Committee of the New Jersey-Pennsylvania Council of AeA. "And despite the employment losses, high-tech exports in New Jersey grew by 14 percent in 2004." Nationally, Cyberstates 2005 shows that the high-tech industry is slowly turning the corner. High-tech employment was down by only 25,000 jobs out of 5.6 million workers in 2004. U.S. high-tech exports were up by 12 percent for a total of $191 billion in 2004. And, technology related venture capital investments were up for the first time in four years. This eighth annual edition of Cyberstates provides a comprehensive review of the high-tech industry nationally and state-by-state by high-tech employment, wages, payroll, establishments, and trade. Cyberstates also offers data on venture capital investments and R&D expenditures. AeA members can purchase the report for $95; non-members for $190. Visit www.aeanet.org to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. the report, or call 800-284-4232 or 408-987-4200. AeA is the nation's largest high-tech trade association. Founded in 1943, AeA utilizes an extensive international network of offices to serve its members through advocacy, training, research, and business services. www.aeanet.org What Does High Tech Mean for New Jersey? --202,600 high-tech workers (9th ranked cyberstate) --14,600 jobs lost between 2002 and 2003 --High-tech firms employed 62 of every 1,000 private sector workers in 2003, ranked 12th nationwide --High-tech workers earned an average wage of $78,500 (4th ranked), or 71% more than New Jersey's average private sector wage --A high-tech payroll of $15.9 billion in 2003, ranked 6th nationwide --14,600 high-tech establishments in 2003, ranked 6th nationwide --High-tech exports totaled $3.5 billion in 2004, ranked 11th nationwide --High-tech exports represented 18% of New Jersey's exports --Venture capital investments of $720 million in 2004, down 20% from $897 million in 2003 --R&D expenditures of $13 billion in 2002, ranked 6th nationwide New Jersey's National Industry Segment Rankings: --3rd in defense electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. employment with 9,100 jobs --6th in computer systems design and related services employment with 50,100 jobs --6th in R&D and testing labs employment with 33,000 jobs Source: Cyberstates 2005 Data are for 2003 unless otherwise noted. 2003 data are the most current for state employment, wages, payroll, establishments, and industry segment jobs. Published by AeA, Advancing the Business of Technology (www.aeanet.org) |
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