Mass layoffs down again in 2004
January 27, 2005
During 2004, 15,980 mass layoff events occurred in the nation, resulting in 1,607,158 initial claims filings for unemployment insurance.
The 2004 annual totals were lower than in the previous year (18,963 events and 1,888,926 initial claims). In addition, the annual total in 2004 for events was the lowest since 2000 and the total for initial claims was the lowest since 1999.
Manufacturing accounted for 29 percent of all mass layoff events and 35 percent of initial claims filed during 2004. These were the lowest shares of events and initial claims in manufacturing for any year which data are available. (The annual mass layoffs series extend back to 1996.)
These data are from the Mass Layoff Statistics program. Mass layoffs data for 2004 are preliminary and subject to revision. See "Mass Layoffs in December 2004 and Annual Averages for 2004" (PDF) (TXT), news release USDL 05-111, for more information.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs down again in 2004 on the Internet at http://www.bls.gov/opub/ted/2005/jan/wk4/art04.htm (visited November 29, 2015).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.