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New Jersey:
The fourth smallest state, New Jersey has the nation’s highest population
density. Its 8.8 million, ethnically diverse residents have a high median
income. The state’s outlying metropolitan areas are shared with suburbs of New
York City and Philadelphia.
George Washington surprised the Hessian troops across the Delaware River during the
Revolutionary War. At Menlo Park and West Orange, inventor wiz Thomas Edison
established his laboratories. The Atlantic City resort area staged the first Miss
American Pageant, and warships built from the state's vast forestry supply were
released from its ports during World War II.
Significantly powered by nuclear energy, the state’s economy thrives on
pharmaceuticals, telecommunications and food processing industries. Major
corporations include Merck, Bristol-Myers Squibb, Johnson and Johnson, AT&T
Communications, Verizon Wireless and Alcatel-Lucent. Most state revenue comes from
taxes on 11 casinos. The most common industries are construction, administrative
support and waste management and accommodation and food services.
New Jersey was seriously impacted by the recession. Its unemployment rate was 9.0
December 2011. Recovery has been modest but visible. The mining and logging sector
has stabilized. Sectors showing apparent growth are professional and business
services, education and health services, leisure and hospitality and other
services.
Additional information can be found regarding New Jersey's economy
and key employers by visiting Wikipedia: New Jersey Economy.
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