Second-quarter extended mass layoffs trend downward
September 26, 2000
There were 1,187 extended mass layoff actions by employers in the second quarter of 2000, sharply lower than the 1,444 reported in April-June 1999.
The number of second-quarter mass layoffs has dropped three years in a row since reaching 1,587 in 1997. The number of layoff events in the second quarter of 2000 was at the lowest level for any April-June period since the resumption of the Mass Layoff Statistics program in April 1995.
The completion of seasonal work was the major reason cited for layoffs in the second quarter, accounting for 44 percent of all events. Permanent closure of worksites occurred in 14 percent of all events.
These data are a product of the Mass Layoff Statistics program. "Extended mass layoffs" last more than 30 days and involve 50 or more individuals from a single establishment filing initial claims for unemployment insurance during a consecutive 5-week period. These data do not include the decline in federal government employment of temporary census workers as they completed their assignments. Additional information is available in "Extended Mass Layoffs in the Second Quarter of 2000", news release USDL 00-266.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Second-quarter extended mass layoffs trend downward on the Internet at http://www.bls.gov/opub/ted/2000/sept/wk4/art02.htm (visited December 22, 2014).