Mass layoff events in November 2008
December 22, 2008
In November, employers took 2,328 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 224,079 on a seasonally adjusted basis.
The number of mass layoff events in November increased by 188 from the prior month, while the number of associated initial claims decreased by 8,389. Over the year, the number of mass layoff events increased by 999, and the number of associated initial claims increased by 84,408.
From the start of the recession in December 2007 through November 2008, the total number of mass layoff events was 20,712, and the number of initial claims was 2,108,743.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoff events in November 2008 on the Internet at http://www.bls.gov/opub/ted/2008/dec/wk4/art01.htm (visited February 07, 2016).