Mass layoff events decrease

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Published: October 29,2009

Tags: employment, jobs, layoffs, recession

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 Bureau of Labor Statistics reports.

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.

Over the year, the number of mass layoff events increased by 271, and associated initial claims increased by 7,285. Year-to-date mass layoff events (23,745) and initial claims (2,410,208) both recorded program highs.

In September, 856 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 97,066 initial claims. Over the month, the number of manufacturing events decreased by 44, while associated initial claims increased by 3,174.

During the 22 months from Dec. 2007 through Sept. 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. (Dec. 2007 was the start of a recession as designated by the National Bureau of Economic Research.)

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