Extended mass layoff events, fourth quarter 2005

February 13, 2006

In the fourth quarter of 2005, there were 1,299 mass layoff events that resulted in the separation of 217,803 workers from their jobs for at least 31 days.

Number of extended mass layoff events in private nonfarm economy in fourth quarter of each year, 1996-2005
[Chart data—TXT]

Both the total number of layoff events and the number of separations were sharply lower than during the October-December 2004 time period.

The declines over the year were most notable in food manufacturing, general merchandise stores, and electrical equipment and appliance manufacturing.

These data are from the Mass Layoff Statistics program. "Extended mass layoffs" last more than 30 days and involve 50 or more individuals from a single establishment filing initial claims for unemployment insurance during a consecutive 5-week period. Data for the fourth quarter of 2005 are preliminary and subject to revision. Additional information is available in "Extended Mass Layoffs in the Fourth Quarter of 2005 and Annual Averages for 2005" (PDF) (TXT), news release USDL 06-226.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Extended mass layoff events, fourth quarter 2005 on the Internet at http://www.bls.gov/opub/ted/2006/feb/wk2/art01.htm (visited August 28, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.