Chart: Mass layoff events and initial claims

RP news wires
Tags: talent management, business management

In May, employers took 1,412 mass layoff actions that resulted in the separation of 135,789 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month. This is according to data released by the U.S. Department of Labor's Bureau of Labor Statistics.

Mass layoff events and initial claimants for unemployment insurance, total and manufacturing, January 2007–May 2010, seasonally adjusted
[Chart data]

Within the manufacturing sector, 266 mass layoff events were reported in May, seasonally adjusted, resulting in 22,577 initial claims. Both figures declined over the month to their lowest levels in program history.

The number of mass layoff events in May decreased by 444 from the prior month, and the number of associated initial claims decreased by 65,081.

During the 30 months from December 2007 through May 2010, the total number of mass layoff events (seasonally adjusted) was 60,205, and the associated number of initial claims was 6,068,342.

This data is from the Mass Layoff Statistics program. December 2007 was the start of a recession as designated by the National Bureau of Economic Research. Each mass layoff action involved at least 50 people from a single employer. To learn more, see "Mass Layoffs—May 2010" (HTML) (PDF), news release USDL-10-0856.

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