New Jersey’s acute-care hospitals contributed $23.6 billion to the state’s economy — in payroll, taxes, services, etc. — last year and accounted for 150,000 jobs, both full-time and part-time. That’s according to the New Jersey Hospital Association’s 2018 Economic Impact Report.
“Healthcare is a critical part of New Jersey’s economic infrastructure,” NJHA president and CEO Cathy Bennett said in a statement. “The $23.6 billion that hospitals and health systems contribute to the state economy ripples throughout all communities.”
The report also shows the total economic impact of the hospitals and the number of jobs they provide continue to grow; the corresponding figures for 2017 were $23.4 billion in expenditures and 144,000 jobs. What’s more, the report’s authors argue that, according to state Department of Labor data, healthcare is the only industry that has added jobs in the state every year from 1990 through 2017.