Research >> Economics
July Mass Layoffs total 2,157 actions, 206,791 workers
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Employers took 2,157 mass layoff actions in July that resulted in the separation of 206,791 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 in July decreased by 606 from the prior month, and the number of associated initial claims decreased by 72,440. Over the year, the number of mass layoff events increased by 622, and associated initial claims increased by 54,292. In July, 621 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 72,266 initial claims. Over the year, the number of manufacturing events increased by 166, and associated initial claims increased by 14,618.
During the 20 months from December 2007 through July 2009, the total number of mass layoff events (seasonally adjusted) was 41,979, and the number of initial claims filed (seasonally adjusted) in those events was 4,297,329. (December 2007 was the start of a recession as designated by the National Bureau of Economic Research.)
The national unemployment rate was 9.4 percent in July 2009, seasonally adjusted, little changed from 9.5 percent the prior month but up from 5.8 percent a year earlier. In July, total nonfarm payroll employment decreased by 247,000 over the month and by 5,740,000 from a year earlier.
Posted: August 21, 2009 Friday 10:00 AM