Fewer information technology layoffs in first quarter

May 25, 2004

Information technology-producing industries accounted for 6 percent of extended mass layoff events and 10,556 worker separations in the first quarter, down from 11 percent of layoff events and 28,582 separations a year earlier.

Extended mass layoff events, information-technology producing industries, first quarters, 1996-2004
[Chart data—TXT]

This was the lowest number of separations in the industry grouping since the first quarter of 2000.

Layoffs in the information technology-producing industries were most numerous in communications services and computer hardware.

These data are products of the Mass Layoff Statistics program. The information technology-producing industries are communication equipment, communications services, computer hardware, and software and computer services. "Extended mass layoffs" last more than 30 days and involve 50 or more individuals from a single establishment filing initial claims for unemployment insurance during a consecutive 5-week period. For more information, see "Extended Mass Layoffs in the First Quarter of 2004" (PDF) (TXT), news release USDL 04-895.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Fewer information technology layoffs in first quarter on the Internet at http://www.bls.gov/opub/ted/2004/may/wk4/art02.htm (visited April 20, 2014).

OF INTEREST

Spotlight on Statistics: Productivity

This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy.  Read more »