Extended mass layoffs, third quarter 2012
November 20, 2012
In the third quarter of 2012, employers in the private nonfarm sector initiated 885 mass layoff events that resulted in the separation of 138,484 workers from their jobs for at least 31 days.
Manufacturing industries reported 196 extended mass layoff events and 29,350 separations in the third quarter of 2012, largely due to slack work or insufficient demand. This sector accounted for 22 percent of layoff events and 21 percent of related separations during the quarter.
|Quarter||Mass layoff events (Private nonfarm)||Separations (Private nonfarm)||Mass layoff events (Manufacturing)||Separations (Manufacturing)|
The administrative and waste services sector had 137 mass layoff events and 22,869 separations, primarily due to contract completion, in the third quarter of 2012. The industry accounted for 15 percent of layoff events and 17 percent of separations. The construction sector reported 122 layoff events and 13,001 separations, also primarily due to contract completion.
These data are from the Mass Layoff Statistics program. Extended mass layoff data for the third quarter of 2012 are preliminary and subject to revision. For more information, see "Extended Mass Layoffs — Third Quarter 2012" (HTML) (PDF), news release USDL-12-2203. The series on extended mass layoffs cover layoffs of at least 31-days duration that involve 50 or more individuals from a single employer filing initial claims for unemployment insurance during a consecutive 5-week period.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Extended mass layoffs, third quarter 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20121120.htm (visited October 23, 2014).
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