jQuery has a 90% market share[1] among JS libraries so I think it isn't an exaggeration.
[1] http://w3techs.com/technologies/overview/javascript_library/...
[1] http://w3techs.com/technologies/overview/javascript_library/...
Sure there is a long tail of sites that do use jQuery, but most of them don't do very much or get much traffic.
If you look at jQuery's market share by aggregate user sessions or by aggregate time on site across the entire web, it does not look nearly as important.
Most sites in general don't get much traffic, but it's absurd to argue that jQuery is not popular amongst large websites. You don't think sites like nytimes.com, craigslist.org, twitter.com (that's right, check the source), live.com, netflix.com and pintrest.com push a lot of traffic? Even more sites use Sizzle, jQuery's selector engine.