1999 Employment and Economic
Contributions of New Jersey Fisheries

• An estimated 2,706 Full Time Equivalents (FTEs) were directly involved in commercial fish harvesting in 1998 (This estimate is based on 1997 NMFS data combined with a number of assumptions about crew size, vessel activity, and percent part-time employment).
  
  
• About 1,078 FTEs were in fish and seafood processing, 100 in aquaculture, 909 in wholesaling and 3,278 in retailing.
  
  
• The estimated 1998 New Jersey combined annual direct employment in all sectors of commercial fishing industry is 5,353. This figure is multiplied by 2.4 for an estimated 12,847 jobs in New Jersey both directly and indirectly attributable to the state's commercial fish and seafood industry. The multiplier includes estimates of support workers such as truckers and suppliers, and their own expenditures.
  
  
• Another 635 FTEs are associated with the state's marine recreational fisheries. This yields a combined total statewide employment of 13,482 jobs attributable to the state's marine fisheries for 1998.
  
  
• The estimated direct total payroll for New Jersey commercial fisheries in 1998 was $130.4 million, over half from the harvesting and processing sectors.
  
  
• An estimated of the economic value added was made based on a multiplier of 6.0. The results is a figure of about $546 million value added in the commercial fisheries industry in 1998. The economic value added for the marine recreational fishery of New Jersey is estimated to be $79 million for1998.
  
  
• The total contribution of commercial and marine recreational fishing to New Jersey's economy in 1998 is estimated at $625 million. This total does not include all federal (income), state (income and sales) or local (property) taxes generated. The combined value of such additional taxes is estimated to exceed $100 million.