The business of chemistry in New York directly employs 57,500 people, representing 6.6% percent of the state’s manufacturing workforce.
Workers in New York’s business of chemistry are among the best paid by the state’s manufacturers. Average wages of $69,705 are 35% higher than the state’s manufacturing average and 51% higher than the state’s overall wages for all industries.
For every job in New York’s business of chemistry, 2.9 jobs are created in the state. The business in chemistry in other states also creates additional output and jobs in New York and vice versa.
As a result, the business of chemistry generated an additional 231,500 jobs in New York among the industry’s suppliers, the suppliers’ suppliers and industries supported by household expenditures from employee’s wages. Thus, 289,000 jobs in New York are generated by the business of chemistry.
Industries in New York among the most dependent on the business of chemistry include: trade (41,100 jobs), business services (38,100 jobs), manufacturing (27,200 jobs), transportation (16,800 jobs), and construction (5,800 jobs).
New York’s computers and electronics industry, which employs 84,200, is dependent on electronic chemicals and high performance plastics. And New York’s apparel industry is dependent on the synthetic fibers and dyes to support its 75,832 jobs.
The products of chemistry, including life saving medicines and plastics and synthetic rubber used in medical equipment and supplies support New York’s health care industry which employs 753,016 workers and cares for the state’s 18.2 million residents. In addition, wholesalers and distributors of the products of chemistry employ 8,270 people at 1,130 locations throughout New York.
In all, the business of chemistry in New York generated $26.5 billion worth of chemistry products. And US chemistry exports from New York totaled $5.5 billion.
**The above information is from the American Chemistry Council and reflects data as of December 2003
The Business of Chemistry in New York