New Jersey Layoffs — September 2008

Employers in New Jersey logged 13 WARN Act notices in September 2008, involving roughly 2,781 workers — climbing above August and down 14% versus September 2007. The average filing covered 214 workers, with 0 closures among the notices.

13
Notices Filed
2,781
Workers Affected
214
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance2199
Professional Services163

The Finance & Insurance sector dominated layoff filings with 199 workers across 2 notices. Meanwhile, Professional Services reported 63 workers.

Geographic Hotspots

CountyNoticesWorkers
Essex21,725
Burlington3420
Camden2199
Morris1111
Gloucester176

Essex was the epicenter of layoff activity, accounting for 62% of all affected workers with 1,725 workers across 2 notices.

CityNoticesWorkers
Newark11,657
Cherry Hill2199
Trenton1151
Marlton1147
Burlington1122

Layoff Type Analysis

Layoff type classification was not available for filings in New Jersey this month.

Largest Layoffs

CompanyCityWorkersTypeDate
Newark Morning LedgerNewark1,6572008-09-01
Popular MortgageCherry Hill1672008-09-01
Times Of TrentonTrenton1512008-09-01
Equity OneMarlton1472008-09-01
Burlington ResinsBurlington1222008-09-01
Ebi HoldingsParsippany1112008-09-01
Njfop FundraisingOcean992008-09-01
Vwr IntBridgeport762008-09-01
American Fuji SealFairfield682008-09-01
Abm EngineeringStatewide632008-09-01
WachoviaStatewide562008-09-01
Gmac MortgageCherry Hill322008-09-01
Sws WarehousingMonroe322008-09-01

The biggest impact was at Newark Morning Ledger at its Newark facility, reporting 1,657 affected workers. Popular Mortgage followed with 167 workers.

Trend & Outlook

After a dip last month, layoff activity has ticked back up.

This data points to a mixed picture for New Jersey's labor market, with activity diverging between monthly and annual comparisons. The Finance & Insurance sector warrants close attention heading into the next period.

This analysis is based on official WARN Act filings reported by New Jersey. The Worker Adjustment and Retraining Notification (WARN) Act requires employers with 100+ employees to provide 60-day advance notice of mass layoffs and plant closings. Data is updated daily by WARN Firehose. View all New Jersey WARN notices, browse layoffs by state, or download the full dataset.

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