Tuesday, May 26, 2009

Mass layoffs decline but still elevated

A mass layoff is defined by the Bureau of Labor Statistics as new filings for unemployment insurance benefits during a given month and involve at least 50 persons from a single employer.

Employers took 2,712 mass layoff actions in April, down 221 from March.  The April layoffs affected 271,226 workers. Nothing here that we didn’t already know but the data provide a different perspective – the employer.

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