Research >> Economics
April Mass Layoffs total 1,199 actions, 116,849 workers
Employers took 1,199 mass layoff actions in April involving 116,849 workers as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today. (Data are seasonally adjusted.) Each mass layoff involved at least 50 workers from a single employer. Mass layoff events decreased by 138 from March, and the number of associated initial claims decreased by 11,090. In April, 293 mass layoff events occurred in the manufacturing sector resulting in 29,744 initial claims. Monthly mass layoff events are identified using administrative data sources without regard to layoff duration.
The national unemployment rate was 7.5 percent in April, essentially unchanged from the prior month and down from 8.1 percent a year earlier. Total nonfarm payroll employment increased by 165,000 over the month, and increased by 2,077,000 over the year.
Posted: May 22, 2013 Wednesday 10:00 AM