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Report: N.J. physicians are a significant source of job creation, drivers of local economies

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New Jersey has more than 22,000 physicians who provide patient care, and they support 234,906 jobs and generate $1.7 billion in economic activity, according to new report Wednesday from the Medical Society of New Jersey and the American Medical Association.

Larry Downs, chief executive of the Medical Society of New Jersey said, "Physicians remain a significant source of job creation and drivers of local economies."

"Physicians carry tremendous responsibility as skilled healers charged with safeguarding healthy communities, but their positive impact isn't confined to the exam room," said AMA President Dr. Ardis Dee Hoven. "The new study illustrates that physicians are strong economic drivers that are woven into their local communities by the economic growth, opportunity and prosperity they generate."

Among the physicians' economic impact in New Jersey:

  • Jobs: Each physician supported an average of 10.5 jobs and contributed to a total of 234,906 jobs statewide.
  • Wages and Benefits: Each physician supported an average of $986,255 in total wages and benefits.
  • Tax Revenues: Each physician supported $77,302 in local and state tax revenues.

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