Mass layoffs in July
August 29, 2003
Employers initiated 2,087 mass layoff actions in July 2003, as measured by new filings for unemployment insurance benefits during the month. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 226,435.
Compared with July 2002, the number of layoff events increased, while the number of workers involved declined. July 2003 marks the 14th consecutive month in which mass-layoff initial claims declined over the year.
From January through July 2003, the total number of events, at 11,947, was higher than for the same period a year ago, but the number of initial claims, at 1,183,045, was lower.
These data are from the Mass Layoff Statistics program. Mass layoffs data for July 2003 are preliminary and subject to revision. For more information, see news release USDL 03-454, "Mass Layoffs in July 2003" (PDF) (TXT).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in July on the Internet at http://www.bls.gov/opub/ted/2003/aug/wk4/art05.htm (visited March 28, 2015).
Three recent editions of Spotlight on Statistics
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.