Research >> Economics
June Mass Layoffs total 1,647 actions, 145,538 workers
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Employers took 1,647 mass layoff actions in June that resulted in the separation of 145,538 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 June increased by 235 from the prior month, and the number of associated initial claims increased by 9,749. In June, 298 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 29,384 initial claims.
During the 31 months from December 2007 through June 2010, the total number of mass layoff events (seasonally adjusted) was 61,852, and the associated number of initial claims was 6,213,880. (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 June, seasonally adjusted, down from 9.7 percent the prior month and unchanged from a year earlier. In June, total nonfarm payroll employment decreased by 125,000 over the month and 170,000 from a year earlier.
Posted: July 23, 2010 Friday 10:00 AM