Research >> Economics
April Mass Layoffs total 1,856 actions, 200,870 workers
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Employers took 1,856 mass layoff actions in April that resulted in the separation of 200,870 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today. Each action involved at least 50 persons from a single employer. The number of mass layoff events in April increased by 228 from the prior month, and the number of associated initial claims increased by 50,006. In April, 448 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 63,616 initial claims.
During the 29 months from December 2007 through April 2010, the total number of mass layoff events (seasonally adjusted) was 58,793, and the associated number of initial claims was 5,932,553. (December 2007 was the start of a recession as designated by the National Bureau of Economic Research.)
The national unemployment rate was 9.9 percent in April 2010, seasonally adjusted, up from 9.7 percent the prior month and from 8.9 percent a year earlier. In April, nonfarm payroll employment increased by 290,000 over the month but was down by 1,381,000 from a year earlier.
Posted: May 21, 2010 Friday 09:19 AM