Mass layoffs, October 2008
November 24, 2008
In October, employers took 2,140 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month. The number of mass layoff events decreased by 129 from the prior month.
Layoff events reached their highest October level since 2001, a month that experienced continued layoff activity from the September 11 attacks.
In October, 635 mass layoff events were reported in the manufacturing sector, seasonally adjusted; over the month, mass layoff events in manufacturing increased by 32, the third consecutive over-the-month increase.
Each action involved at least 50 persons from a single employer; the number of workers involved totaled 232,468, on a seasonally adjusted basis.
From January through October 2008, the total number of events, at 16,951, and initial claims, at 1,742,914, were the highest for the January-October period since 2002.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs, October 2008 on the Internet at http://www.bls.gov/opub/ted/2008/nov/wk4/art01.htm (visited May 31, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
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.