New Jersey Layoffs — May 2009

Employers in New Jersey logged 14 WARN Act notices in May 2009, involving roughly 991 workers — climbing above April and down 46% versus May 2008. The average filing covered 71 workers, with 0 closures among the notices.

14
Notices Filed
991
Workers Affected
71
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance1171
Manufacturing10

The Finance & Insurance sector dominated layoff filings with 171 workers across 1 notice. Meanwhile, Manufacturing reported 0 workers.

Geographic Hotspots

CountyNoticesWorkers
Hudson1171
Ocean3160
Union183
Middlesex383
Somerset277

Hudson felt the sharpest impact, accounting for 17% of all affected workers with 171 workers across 1 notices.

CityNoticesWorkers
Statewide2361
Jersey City1171
Lakewood3160
Clark183
Somerset165

Layoff Type Analysis

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

Largest Layoffs

CompanyCityWorkersTypeDate
IbmStatewide2452009-05-01
E*Trade FinancialJersey City1712009-05-01
Filene'S BasementStatewide1162009-05-01
United States Gypsum CompanyClark832009-05-01
SodexoLakewood702009-05-01
IngSomerset652009-05-01
Dpt Lakewood, IncLakewood572009-05-01
AdmGlassboro542009-05-01
GundEdison442009-05-01
Spring Air CompanyNew Brunswick392009-05-01
Dpt Lakewood, IncLakewood332009-05-01
Bearingpoint, IncWarren122009-05-01
Jbl IncorporatedUpper Saddle River22009-05-01
Metal Textiles CorporationEdisonN/A2009-05-01

The biggest impact was at Ibm at its Statewide facility, reporting 245 affected workers. E*Trade Financial followed with 171 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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