Research >> Economics
June Mass Layoffs total 2,763 actions, 279,231 workers
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Employers took 2,763 mass layoff actions in June that resulted in the separation of 279,231 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Each action involved at least 50 persons from a single employer. The number of mass layoff events decreased by 170 and associated initial claims decreased by 33,649. Both measures had been at record high levels in May. Over the year, the number of mass layoff events increased by 1,046, and associated initial claims increased by 104,483. In June, 1,235 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 159,310 initial claims. Over the year, the number of manufacturing events increased by 680, and associated initial claims increased by 79,566.
During the 19 months from December 2007 through June 2009, the total number of mass layoff events (seasonally adjusted) was 39,822, and the number of initial claims filed (seasonally adjusted) in those events was 4,090,538. (December 2007 was designated as the start of a recession by the National Bureau of Economic Research.)
The national unemployment rate was 9.5 percent in June 2009, seasonally adjusted, up slightly from 9.4 percent the prior month and up from 5.6 percent a year earlier. In June, total nonfarm payroll employment decreased by 467,000 over the month and by 5,664,000 from a year earlier.
Posted: July 23, 2009 Thursday 10:00 AM