New Jersey employers plan to eliminate over 4,100 jobs by March 16, 2026. Economists at Rutgers University forecast a small employment decline for 2026. The state's unemployment rate is expected to continue rising through 2027. Bristol Myers Squibb will eliminate an additional 247 jobs by late 2026. Other sectors like retail and health services also report significant job reductions.
https://patch.com/new-jersey/across-nj/nj-layoffs-see-where-job-cuts-are-deepest