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 October 25, 2014).
Three recent editions of Spotlight on Statistics
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.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.