Mass layoffs, May 2008
June 23, 2008
In May 2008, employers took 1,626 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 171,387, on a seasonally adjusted basis.
Layoff events and associated initial claimants were the highest for the month of May since 2003. The number of mass layoff events in May 2008 increased sharply by 318 from the prior month, while the number of associated initial claims rose by 37,473.
From January through May 2008, the total number of events, at 7,615, and initial claims, at 783,942, were considerably higher than in January-May 2007 (6,325 and 650,605, respectively).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs, May 2008 on the Internet at http://www.bls.gov/opub/ted/2008/jun/wk4/art01.htm (visited February 12, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.