Mass layoffs in May 2012
June 21, 2012
Employers took 1,380 mass layoff actions in May involving 130,191 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.
The number of mass layoff events decreased by 8 from April to May, and the number of associated initial claims decreased by 5,409. Year-to-date mass layoff events (6,768) and initial claims (636,484) both recorded their lowest figures since 2007.
In May, 264 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 29,675 initial claims.
These data are from the Mass Layoff Statistics program. For more information, see "Mass Layoffs — May 2012" (HTML) (PDF), news release USDL-12-1245. Each mass layoff involved at least 50 workers from a single employer.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in May 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120621.htm (visited October 24, 2014).
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