Mass layoffs in May

June 23, 2006

In May 2006, employers took 1,074 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.

Mass layoff events, seasonally adjusted, May 2005-May 2006
[Chart data—TXT]

Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 109,858. The number of layoff events declined by 74, and the number of associated initial claims decreased by 8,646 from April 2006.

In the manufacturing sector, 293 mass layoff events were reported during May 2006, resulting in 42,006 initial claims. Both figures were lower than a month earlier.

These data are from the Mass Layoff Statistics program. To learn more, see "Mass Layoffs in May 2006" (PDF) (TXT), news release USDL 06-1061.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in May on the Internet at http://www.bls.gov/opub/ted/2006/jun/wk3/art05.htm (visited November 24, 2014).

OF INTEREST

Three recent editions of Spotlight on Statistics