Mass layoff events in May 2007
June 25, 2007
In May, employers took 1,190 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; the number of workers involved totaled 119,089, on a seasonally adjusted basis. The number of mass layoff events decreased by 28 from the prior month, and the number of associated initial claims fell by 5,644.
During May, 363 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 48,849 initial claims. Compared with the prior month, mass layoff activity in manufacturing decreased by 20 events, while initial claims increased by 5,076.
From January through May 2007, the total number of events (seasonally adjusted), at 6,201, and initial claims (seasonally adjusted), at 644,854, were higher than in January-May 2006 (5,555 and 577,696, respectively).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoff events in May 2007 on the Internet at http://www.bls.gov/opub/ted/2007/jun/wk4/art01.htm (visited October 06, 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.