Research >> Economics
July Mass Layoffs total 1,609 actions, 143,703 workers
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Employers took 1,609 mass layoff actions in July that resulted in the separation of 143,703 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 July decreased by 38 from the prior month, and the number of associated initial claims decreased by 1,835. In July, 307 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 33,381 initial claims.
During the 32 months from December 2007 through July 2010, the total number of mass layoff events (seasonally adjusted) was 63,461, and the associated number of initial claims was 6,357,583. (December 2007 was the start of a recession as designated by the National Bureau of Economic Research.)
The national unemployment rate was 9.5 percent in July 2010, seasonally adjusted, unchanged from the prior month and essentially unchanged from 9.4 percent a year earlier. In July, total nonfarm payroll employment decreased by 131,000 over the month and by 52,000 from a year earlier.
Posted: August 20, 2010 Friday 10:00 AM