Layoffs in August 2007
September 24, 2007
In August, employers took 1,189 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 employer; the number of workers involved totaled 118,120, on a seasonally adjusted basis.
The number of mass layoff events in August decreased by 32 from the prior month, and the number of associated initial claims fell by 6,715. Over the month, 325 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 35,676 initial claims. Compared with July, mass layoff activity in manufacturing decreased by 58 events, and initial claims declined by 14,360.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Layoffs in August 2007 on the Internet at http://www.bls.gov/opub/ted/2007/sept/wk4/art01.htm (visited October 20, 2014).
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