Friday, October 23, 2009

Mass Layoffs Around the Nation Decrease in September

Employers took 2,561 mass layoff actions in September that resulted in the separation of 248,006 workers (seasonally adjusted) as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported this week. A "mass layoff action" involves at least 50 persons from a single employer. The number of mass layoff events in September decreased by 129 from the prior month, and the number of associated initial claims decreased by 11,301.

During the 22 months from December 2007 through September 2009, the total number of mass layoff events (seasonally adjusted) was 47,230, and the number of initial claims filed (seasonally adjusted) in those events was 4,804,642. (December 2007 was the start of a recession asdesignated by the National Bureau of Economic Research.)

Read more about mass layoffs by visiting the BLS website.

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