Extended mass layoffs, fourth quarter 2012
February 15, 2013
Employers in the private nonfarm sector initiated 1,674 extended mass layoff events in the fourth quarter of 2012 that resulted in the separation of 319,639 workers from their jobs. Layoffs due to the completion of seasonal work accounted for 44 percent of extended mass layoff events and 39 percent of related separations in the private nonfarm sector during the fourth quarter of 2012.
|Reason||Q4 2011||Q1 2012||Q2 2012||Q3 2012 (p)||Q4 2012 (p)|
Construction industry firms reported 528 extended mass layoff events and 68,463 separations in the fourth quarter of 2012, largely due to the completion of seasonal work. During the same period, the manufacturing sector had 311 extended mass layoff events and 62,964 separations, also largely due to the completion of seasonal work.
Business demand factors, primarily contract completion, accounted for 32 percent of both events and related separations during the fourth quarter of 2012, resulting in 103,318 separations. Disaster or safety reasons accounted for 34 layoff events that resulted in 6,083 separations.
These data are from the Mass Layoff Statistics program. Extended mass layoff data for the fourth quarter of 2012 are preliminary and subject to revision. For more information, see “Extended Mass Layoffs — Fourth Quarter 2012” (HTML) (PDF), news release USDL-13-0236. 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, fourth quarter 2012 on the Internet at https://www.bls.gov/opub/ted/2013/ted_20130215.htm (visited December 11, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.