PxPixel
Study: boatbuilding layoffs hurt N.J. manufacturing - Trade Only Today

Study: boatbuilding layoffs hurt N.J. manufacturing

Author:
Publish date:

Industrial employment in New Jersey has fallen 6.4 percent since the beginning of the recession, according to the 2010 New Jersey Manufacturers Register, an industrial directory published annually by Manufacturers' News Inc.

The transportation equipment sector experienced the sharpest decline, losing nearly a third of its jobs during the last two years, or 32.8 percent, due partially to layoffs at boatbuilders Viking Yachts, Ocean Yachts and Egg Harbor Yachts.

These companies, however, have recently reported they are starting to hire back workers.

MNI reports New Jersey lost 29,568 manufacturing jobs since December 2007. During the same period, New Jersey lost 548 manufacturers.

MNI reports New Jersey is now home to 10,003 manufacturers employing 433,545 workers.

"As with the entire nation, the recession continues to hit New Jersey's core sectors, while the faltering housing market has affected industries such as wood products and building products," says Tom Dubin, president of the Evanston, Ill.-based publishing company.

Related

New boat sales relatively flat in June

New boat sales in June grew marginally, with a 1.1 percent rise in the main powerboat categories and just 0.2 percent growth overall, according to preliminary data from Statistical Surveys Inc., a Michigan firm that tracks registrations.

Mazu releases new sportfishing app

Technology and satellite communications company Mazu has launched a sportfishing app that seeks to give anglers weather and sea state information, and provide powerful communications capabilities via satellite.