A new report from TEConomy Partners found that the biopharmaceutical industry supports over four million U.S. jobs and over $1.1 trillion in economic output.
The biopharmaceutical industry directly employs more than 811,000 people in our country, and each of those jobs supports four additional jobs in other industries. Of the direct industry jobs, 37% are in STEM occupations, more than six times the private sector average.
In New Jersey, the biopharmaceutical industry provides more than 61,000 jobs directly and generates total employment of 305,000 along with $83.4 billion economic impact overall.
You can read more about the report here. For N.J.-specific data, please visit our By the Numbers page.