New Jersey Layoffs — March 2009

Employers in New Jersey submitted 16 WARN Act notices in March 2009, putting at risk an estimated 1,942 workers — up substantially from February and down 2% versus March 2008. The average filing covered 121 workers, with 0 closures among the notices.

16
Notices Filed
1,942
Workers Affected
121
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Manufacturing2162
Transportation1101
Finance & Insurance180

The Manufacturing sector emerged as the hardest-hit sector with 162 workers across 2 notices. Separately, Transportation reported 101 workers.

Geographic Hotspots

CountyNoticesWorkers
Hudson2411
Morris1350
Bergen4350
Somerset2228
Camden2191

Hudson absorbed the greatest share of layoffs, accounting for 21% of all affected workers with 411 workers across 2 notices.

CityNoticesWorkers
Florham Park1350
Secaucus1341
Statewide2151
Pennsauken1132
Somerset1129

Layoff Type Analysis

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

Largest Layoffs

CompanyCityWorkersTypeDate
AscoFlorham Park3502009-03-01
The Children'S Place Services Co.. LLCSecaucus3412009-03-01
Catalent Pharma Solutions LLCPennsauken1322009-03-01
Drug FairSomerset1292009-03-01
FluorMt Laurel1282009-03-01
Wolfblock LLPStatewide1212009-03-01
The Home DepotParamus1062009-03-01
American Distribution ServiceRidgefield1012009-03-01
The Home DepotBridgewater992009-03-01
ElectrochemTeterboro972009-03-01
State Street Bank & TrustPrinceton802009-03-01
Goldman SachsJersey City702009-03-01
Propak CorporationBarrington592009-03-01
Colorite Specialty ResinsBurlington532009-03-01
CenveoCarlstadt462009-03-01

Topping the list was Asco at its Florham Park facility, reporting 350 affected workers. The Children'S Place Services Co.. LLC followed with 341 workers.

Trend & Outlook

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

These figures highlight a mixed picture for New Jersey's labor market, with activity diverging between monthly and annual comparisons. The Manufacturing 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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