Economists at Rutgers University have predicted that long-term job cuts will continue in New Jersey, with more expected before stabilizing the job market in 2027. The Rutgers Economic Advisory Service forecast predicts a small employment decline of 0.1%, followed by a moderate recovery the following year and moderate growth slightly outpacing that of the nation. The unemployment rate is expected to continue to rise through 2027, although how much is uncertain. The health services sector has seen the most recent growth, with several pharmaceutical companies cutting jobs. Other notable layoffs include Blue Cross Blue Shield of NJ, Spectra Laboratories, In tegra Life Sciences, Cigna Evernorth Services, Reckitt Benckiser, and Amazon.