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 June 28, 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.