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 for layoff: separations, private nonfarm sector, selected quarters,  2011 and 2012
Separations resulting from extended mass layoffs in the private nonfarm sector, by reason for layoff, fourth quarter 2011–fourth quarter 2012
ReasonQ4 2011Q1 2012Q2 2012Q3 2012 (p)Q4 2012 (p)

Seasonal

135,67554,324162,82135,114124,401

Business demand

110,761107,736120,75087,573103,318

Other/miscellaneous

52,96544,41858,62247,97531,629

Organizational

14,43115,27718,40212,76221,736

Financial

13,63122,05620,42712,29028,570

Production

6,2202,4694,4213,4633,902

Disaster/safety

700676(1)(1)6,083

Footnotes:
(1) Data do not meet BLS or state agency disclosure standards
(p) = preliminary
 

 

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.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Extended mass layoffs, fourth quarter 2012 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130215.htm (visited November 23, 2014).

OF INTEREST

Three recent editions of Spotlight on Statistics