Mass layoffs in 2005
January 26, 2006
During 2005, 16,466 mass layoff events occurred in the nation, resulting in 1,795,341 initial claims filings for unemployment insurance.
In 2004, there were 15,980 events and 1,607,158 initial claimants.
Manufacturing accounted for 29 percent of all mass layoff events and 37 percent of initial claims filed during 2005. A year earlier, manufacturing accounted for 29 percent of events and 35 percent of initial claims.
The number of initial claims filed in 2005 due to mass layoffs was higher in the Midwest (571,950) than in any other region. Layoffs in transportation equipment manufacturing accounted for 30 percent of the claims in the Midwest.
These data are from the Mass Layoff Statistics program. Mass layoffs data for 2005 are preliminary and subject to revision. Each mass layoff event involves at least 50 persons from a single establishment. See "Mass Layoffs in December 2005 and Annual Averages for 2005" (PDF) (TXT), news releases USDL 06-122, for more information.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in 2005 on the Internet at http://www.bls.gov/opub/ted/2006/jan/wk4/art04.htm (visited August 24, 2016).
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.