Mass layoffs in May
June 28, 2002
Employers initiated 1,726 mass layoff actions in May 2002, as measured by new filings for unemployment insurance benefits during the month. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 180,007.
From January through May 2002, the total numbers of events, at 8,222, and of initial claims, at 910,009, were higher than January-May 2001 (7,434 and 880,347, respectively).
Manufacturing industries accounted for 28 percent of all mass layoff events and 29 percent of all initial claims filed in May. A year earlier, layoffs in this sector accounted for 37 percent of events and 41 percent of initial claims.
These data are products of the Mass Layoff Statistics program. Mass layoffs data for April and May 2002 are preliminary and subject to revision. For more information, see news release USDL 02-354, Mass Layoffs in May 2002.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in May on the Internet at http://www.bls.gov/opub/ted/2002/jun/wk4/art03.htm (visited August 03, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.