Mass layoffs in June

July 25, 2003

Employers initiated 1,691 mass layoff actions in June 2003, 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 157,595.

Initial claims from mass layoffs, June 1998-2003
[Chart data—TXT]

Compared with June 2002, the number of layoff events increased, while the number of workers involved declined. June 2003 marks the 13th consecutive month in which mass-layoff initial claims declined over the year.

Through the first half of 2003, the total number of mass layoff events, at 9,850, was higher than for the same period a year ago; in contrast, the number of related initial claims, at 955,780, was lower.

These data are from the Mass Layoff Statistics program. Mass layoffs data for June 2003 are preliminary and subject to revision. For more information, see news release USDL 03-394, "Mass Layoffs in June 2003" (PDF) (TXT).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in June on the Internet at http://www.bls.gov/opub/ted/2003/jul/wk3/art05.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.