Extended mass layoffs higher in fourth quarter 2000
February 23, 2001
In the fourth quarter of 2000, there were 1,905 mass layoff actions by employers that resulted in the separation of 374,320 workers from their jobs for more than 30 days. Both the total number of layoff events and the number of separations were higher than in October-December 1999.
The completion of seasonal work was the major reason cited for layoffs in the fourth quarter, accounting for 53 percent of all events and 52 percent of all separations.
Layoffs due to internal company restructuring accounted for 14 percent of events and 18 percent of separations.
Permanent closure of worksites occurred in 12 percent of all events and affected 13 percent of separations.
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. Additional information is available in the "Extended Mass Layoffs in the Fourth Quarter of 2000", news release USDL 01-47.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Extended mass layoffs higher in fourth quarter 2000 on the Internet at http://www.bls.gov/opub/ted/2001/feb/wk3/art04.htm (visited April 30, 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.