Mass layoffs lower in May 2004
June 24, 2004
In May 2004, employers took 988 mass layoff actions, 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 87,501.
Both the number of events and initial claims were sharply lower than a year ago. The number of mass layoff events was at its lowest level for any May since 2000, and the number of associated initial claims was at its lowest level for any May since 1996.
From January through May 2004, the total number of events, at 6,735, and of initial claims, at 661,024, were lower than in January-May 2003 (8,169 and 799,037, respectively).
These data are from the Mass Layoff Statistics program. Mass layoffs data for May 2004 are preliminary and subject to revision. May 2004 contained 4 weeks for possible mass layoffs, compared with 5 weeks in each May of the prior 2 years. See the full news release, "Mass Layoffs in May 2004" (PDF) (TXT), USDL 04-964, for more information.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs lower in May 2004 on the Internet at http://www.bls.gov/opub/ted/2004/jun/wk4/art04.htm (visited September 01, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
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.