New Jersey experienced a surge in layoffs during July, with over 2,400 positions eliminated. This brings the total job cuts in the state for 2026 to nearly 12,000. The current unemployment rate in New Jersey stands at 4.5 percent. Major companies like Samsung, Novartis, Mars Wrigley, and Verizon contributed significantly to these July layoffs. These reductions are occurring amidst broader economic pressures affecting the state.
New Jersey
https://patch.com/new-jersey/across-nj/nj-job-cuts-surging-2-400-layoffs-announced-july