Mass layoff events in May, 1995-2008 (seasonally adjusted) 1995 1,502 1996 1,005 1997 1,229 1998 1,248 1999 1,278 2000 1,196 2001 1,676 2002 1,730 2003 1,744 2004 1,224 2005 1,248 2006 1,124 2007 1,199 2008 1,626