Mass layoffs down in September from a year earlier
October 25, 2002
Employers initiated 1,060 mass layoff actions in September 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 122,277.
A year earlier, in September 2001, there were 1,327 mass layoff events involving 160,402 workers.
Over 9 percent of the initial claims in September 2002 were in general freight trucking (11,348). An additional 6 percent were in the temporary help services industry (7,587).
In January through September 2002, both the total number of events, at 14,150, and initial claims, at 1,567,505, were lower than in January-September 2001 (14,475 and 1,734,530, respectively).
These data are from the Mass Layoff Statistics program. Mass layoffs data for September 2002 are preliminary and subject to revision. For more information, see news release USDL 02-602, "Mass Layoffs in September 2002" (PDF) (TXT).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs down in September from a year earlier on the Internet at http://www.bls.gov/opub/ted/2002/oct/wk3/art05.htm (visited May 03, 2015).
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