2,000 workers in New Jersey could lose their jobs by April

Businesspeople standing in line

Vastavam web: A little more than 2,000 workers in New Jersey could lose their jobs at large companies by early April, according to the state’s Department of Labor.The companies, which include those in retail, pharmaceuticals, home lending and more, were revealed in WARN (The Worker Adjustment and Retraining Notification Act) notices published by the state this week. New Jersey law requires companies to issue a WARN notice when a company plans a large-scale layoff.

The layoffs follow a year of job growth statewide that ended with a month of decline. Between December 2016 and December 2017, the state’s private sector added 22,900 jobs.But monthly estimates released on by the United States Bureau of Labor Statistics on January 18 indicated that state employment dropped by 11,400 jobs in December. The unemployment rate was estimated at 5 percent.