Mass layoffs in May
June 28, 2002
Employers initiated 1,726 mass layoff actions in May 2002, as measured by new filings for unemployment insurance benefits during the month. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 180,007.
From January through May 2002, the total numbers of events, at 8,222, and of initial claims, at 910,009, were higher than January-May 2001 (7,434 and 880,347, respectively).
Manufacturing industries accounted for 28 percent of all mass layoff events and 29 percent of all initial claims filed in May. A year earlier, layoffs in this sector accounted for 37 percent of events and 41 percent of initial claims.
These data are products of the Mass Layoff Statistics program. Mass layoffs data for April and May 2002 are preliminary and subject to revision. For more information, see news release USDL 02-354, Mass Layoffs in May 2002.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in May on the Internet at https://www.bls.gov/opub/ted/2002/jun/wk4/art03.htm (visited January 19, 2020).
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.