Mass layoffs in May
June 23, 2006
In May 2006, employers took 1,074 mass layoff actions, seasonally adjusted, 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 109,858. The number of layoff events declined by 74, and the number of associated initial claims decreased by 8,646 from April 2006.
In the manufacturing sector, 293 mass layoff events were reported during May 2006, resulting in 42,006 initial claims. Both figures were lower than a month earlier.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in May on the Internet at http://www.bls.gov/opub/ted/2006/jun/wk3/art05.htm (visited October 02, 2014).
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