Mass layoffs in February 2011
March 24, 2011
In February 2011, employers took 1,421 mass layoff actions involving 130,818 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.
The number of mass layoff events in February decreased by 113 from the previous month, and the number of associated initial claims decreased by 18,981.
In February, 291 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 26,060 initial claims. Both figures decreased over the month, with manufacturing initial claims reaching its lowest level in program history (data begin in April 1995).
These data are from the Mass Layoff Statistics program. To learn more, see "Mass Layoffs – February 2011" (HTML) (PDF), news release USDL-11-0394. Each mass layoff event involves at least 50 persons from a single employer.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in February 2011 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110324.htm (visited October 21, 2014).
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