Mass layoff events in August
September 27, 2002
Employers initiated 1,247 mass layoff actions in August 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 128,080.
A year earlier, in August 2001, there were 1,490 mass layoff events involving 166,148 workers. Mass layoff initial claims in August are usually among the lowest for the year.
From January through August 2002, both the total number of events, at 13,090, and initial claims, at 1,445,228, were lower than January-August 2001 (13,148 and 1,574,128, respectively).
These data are from the Mass Layoff Statistics program. Mass layoffs data for August 2002 are preliminary and subject to revision. For more information, see news release USDL 02-550, "Mass Layoffs in August 2002" (PDF) (TXT).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoff events in August on the Internet at http://www.bls.gov/opub/ted/2002/sept/wk4/art05.htm (visited May 05, 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.