Secrets of the Job Hunt


Wednesday, February 04, 2009

Mass Layoffs Involve More Than 50 People

In December, employers took 2,275 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Among the twenty-one major industry sectors, six registered series highs for both mass layoff events and initial claims for all of 2008--construction; transportation and warehousing; finance and insurance; real estate and rental and leasing; management of companies and enterprises; and accommodation and food services.

Each action involved at least 50 persons from a single employer; the number of workers involved totaled 226,117 on a seasonally adjusted basis. The number of mass layoff events in December decreased by 58 from the prior month, while the number of associated initial claims increased slightly by 478.

Over the year, the number of mass layoff events increased by 806, and the number of associated initial claims increased by 80,201. In December, 871 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 105,402 initial claims. Over the month, mass layoff events in manufacturing increased by 3, and initial claims increased by 4,759, the fifth consecutive over-the-month increase for both measures.

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