Fewer layoffs in 2003
February 02, 2004
During 2003, there were 18,963 mass layoff events, resulting in 1,888,926 initial claims for unemployment insurance. In 2002, there were 20,277 events and 2,245,051 claims.
For the second consecutive year, over-the-year decreases in mass-layoff initial claims occurred in each of the four broad regions. The largest decreases in initial claims were in the West (-151,121) and South (-110,520).
California reported the largest over-the-year decrease in initial claims (-108,537), followed by Texas (-36,208), and South Carolina (-30,005). The largest over-the-year increases occurred in New York (+8,005) and Georgia (+7,121).
These data are from the Mass Layoff Statistics program. Mass layoffs data for 2003 are preliminary and subject to revision. See the full release, "Mass Layoffs in December 2003 and Annual Averages for 2003" (PDF) (TXT) (USDL 04-70), for more information.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Fewer layoffs in 2003 on the Internet at http://www.bls.gov/opub/ted/2004/feb/wk1/art01.htm (visited May 25, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.