Layoffs increase substantially in October
December 03, 2001
In October 2001, there were 1,816 mass layoff actions by employers as measured by new filings for unemployment insurance benefits during the month. Each layoff action involved at least 50 persons from a single establishment, and the number of workers involved totaled 212,695.
The number of layoff events and initial claimants for unemployment insurance were the highest for the month of October since the series began in April 1995. Over the January-October 2001 period, the total number of events, at 16,221, and initial claims, at 1,935,871, were substantially higher than in January-October 2000, at 11,364 and 1,292,335, respectively.
These data are products of the Mass Layoff Statistics program. Mass layoffs data for September and October 2001 are preliminary and subject to revision. For more information, see news release USDL 01-446, Mass Layoffs in October 2001.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Layoffs increase substantially in October on the Internet at https://www.bls.gov/opub/ted/2001/dec/wk1/art01.htm (visited January 20, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.