New Jersey Layoffs — February 2007
Employers in New Jersey submitted 5 WARN Act notices in February 2007, putting at risk an estimated 439 workers — down from January and up 31% versus February 2006. The average filing covered 88 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 2 | 247 |
| Manufacturing | 3 | 192 |
The Finance & Insurance sector emerged as the hardest-hit sector with 247 workers across 2 notices. Separately, Manufacturing reported 192 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Bergen | 3 | 192 |
| Hudson | 1 | 187 |
| Union | 1 | 60 |
Bergen felt the sharpest impact, accounting for 44% of all affected workers with 192 workers across 3 notices.
| City | Notices | Workers |
|---|---|---|
| Jesey City | 1 | 187 |
| E. Rutherford | 1 | 67 |
| Paramus | 1 | 67 |
| Clark | 1 | 60 |
| Carlstadt | 1 | 58 |
Layoff Type Analysis
Layoff type classification was not available for filings in New Jersey this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Mellon Investor | Jesey City | 187 | ||
| H.C. Starck | E. Rutherford | 67 | ||
| Mayne Pharma | Paramus | 67 | ||
| Washington Mutual | Clark | 60 | ||
| H.C. Starck | Carlstadt | 58 |
Topping the list was Mellon Investor at its Jesey City facility, reporting 187 affected workers. H.C. Starck followed with 67 workers.
Trend & Outlook
This is the third consecutive month of declining layoff activity.
These figures highlight 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.