Mass layoffs in March 2004

April 26, 2004

In March 2004, there were 920 mass layoff actions by employers, 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 92,554.

Mass layoff events in March 1996-2004
[Chart data—TXT]

Both the number of events and initial claims were sharply lower than a year ago and were the lowest for any March since 1999. From January through March 2004, the total numbers of events, at 4,289, and initial claims, at 416,209, were lower than in January-March 2003 (4,885 and 463,421, respectively).

The manufacturing sector had 28 percent of all mass layoff events and 37 percent of all initial claims filed in March. A year ago, manufacturing reported 32 percent of events and 36 percent of initial claims. Within manufacturing, the number of claimants was highest in transportation equipment (13,430, mostly automotive-related), followed by food processing (6,220, mainly in frozen fruits and vegetables).

These data are from the Mass Layoff Statistics program. Mass layoffs data for March 2004 are preliminary and subject to revision. See "Mass Layoffs in March 2004" (PDF) (TXT), USDL 04-720, for more information.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in March 2004 on the Internet at http://www.bls.gov/opub/ted/2004/apr/wk4/art01.htm (visited July 25, 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.