Mass layoffs in March

May 01, 2003

Employers initiated 1,170 mass layoff actions in March 2003. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 109,838.

Number of mass layoff events in January-March of each year, 1996-2003
[Chart data—TXT]

Compared with March 2002, the number of layoff events declined by 20 percent and the number of workers involved fell by 32 percent. (March 2003 contained 4 weeks for possible mass layoffs, compared with 5 weeks in each March of the prior 3 years.)

From January through March 2003, the total number of events, at 4,767, and initial claims, at 450,312, were lower than the January-March 2002 levels of 4,989 and 564,141, respectively.

These data are from the Mass Layoff Statistics program. Mass layoffs data for February and March 2003 are preliminary and subject to revision. For more information, see news release USDL 03-201, "Mass Layoffs in March 2003" (PDF) (TXT).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in March on the Internet at http://www.bls.gov/opub/ted/2003/apr/wk4/art04.htm (visited June 29, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • 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.