Layoffs in January 2007
February 26, 2007
In January 2007, employers took 1,237 mass layoff actions, seasonally adjusted, 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 126,368, on a seasonally adjusted basis. The number of mass layoff events increased by 36 from the prior month, and the number of associated initial claims decreased by 7,450.
The manufacturing sector accounted for 32 percent of all mass layoff events and 40 percent of all related initial claims filed in January 2007; a year earlier, manufacturing made up 27 percent of events and 30 percent of initial claims.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Layoffs in January 2007 on the Internet at http://www.bls.gov/opub/ted/2007/feb/wk4/art01.htm (visited October 01, 2014).
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