As economic forecasters await updated federal employment numbers, they’re seeing red flags in other data that suggest New Jersey could be headed towards a possible recession next year.
Since January, almost 100 NJ companies have filed Worker Adjustment and Retraining Notification — or WARN — notices with the state, totaling about 13,000 eliminated jobs…
Other analysts say they see real red flags in the Challenger Gray & Christmas report, including Will Irving, an associate professor at the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.
“Things have been tepid for quite a while,” he said, “but this notion that we may be coming toward a recession? We’re looking at sort of middle of next year — at least a recession as you might want to define it at the state level, where we start to see significant job declines.”
The Bureau of Labor Statistics is set to release U.S. employment data on Dec. 16, which will include job gains and losses and the federal unemployment rate.
NJ Spotlight News, December 10, 2025