New Jersey Layoffs — May 2009
Employers in New Jersey recorded 12 WARN Act notices in May 2009, covering approximately 746 workers — marking a sharp increase from April and down 59% versus May 2008. The average filing covered 62 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 2 | 236 |
| Manufacturing | 5 | 222 |
| Retail | 3 | 206 |
| Accommodation & Food | 1 | 70 |
| Professional Services | 1 | 12 |
The Finance & Insurance sector accounted for the largest share of job cuts with 236 workers across 2 notices. At the same time, Manufacturing reported 222 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Hudson | 1 | 171 |
| Ocean | 3 | 160 |
| Bergen | 2 | 118 |
| Union | 1 | 83 |
| Middlesex | 2 | 83 |
Hudson bore the heaviest burden, accounting for 23% of all affected workers with 171 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Jersey City | 1 | 171 |
| Lakewood | 3 | 160 |
| Paramus | 1 | 116 |
| Clark | 1 | 83 |
| Somerset | 1 | 65 |
Layoff Type Analysis
Layoff type classification was not available for filings in New Jersey this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| E*Trade Financial | Jersey City | 171 | ||
| Filene'S Basement | Paramus | 116 | ||
| United States Gypsum | Clark | 83 | ||
| Sodexo | Lakewood | 70 | ||
| Ing | Somerset | 65 | ||
| Dpt Lakewood | Lakewood | 57 | ||
| Adm | Glassboro | 54 | ||
| Gund | Edison | 44 | ||
| Spring Air | New Brunswick | 39 | ||
| Dpt Lakewood | Lakewood | 33 | ||
| Bearingpoint | Warren | 12 | ||
| Jbl | Upper Saddle River | 2 |
Leading the list was E*Trade Financial at its Jersey City facility, reporting 171 affected workers. Filene'S Basement followed with 116 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The filings reflect 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.