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Watertown is considered a Small Town with a population of 4,365 and 509 businesses. 1 in 2018 were added to the Watertown Chamber of Commerce business directory which was less than 2017 which had 7.

The economy of Watertown employs 3,300 people and has an unemployment rate of 6.6%. Some of the largest industries in Watertown are Professional Services (65),Builders & Contractors (25), and Pumpkin Patches (14).
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