Mass layoffs in March 2004
April 26, 2004
In March 2004, there were 920 mass layoff actions by employers, 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 92,554.
Both the number of events and initial claims were sharply lower than a year ago and were the lowest for any March since 1999. From January through March 2004, the total numbers of events, at 4,289, and initial claims, at 416,209, were lower than in January-March 2003 (4,885 and 463,421, respectively).
The manufacturing sector had 28 percent of all mass layoff events and 37 percent of all initial claims filed in March. A year ago, manufacturing reported 32 percent of events and 36 percent of initial claims. Within manufacturing, the number of claimants was highest in transportation equipment (13,430, mostly automotive-related), followed by food processing (6,220, mainly in frozen fruits and vegetables).
These data are from the Mass Layoff Statistics program. Mass layoffs data for March 2004 are preliminary and subject to revision. See "Mass Layoffs in March 2004" (PDF) (TXT), USDL 04-720, for more information.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in March 2004 on the Internet at https://www.bls.gov/opub/ted/2004/apr/wk4/art01.htm (visited January 27, 2021).
Recent editions of Spotlight on Statistics
- Occupational Employment and Wages in Metro and Nonmetro Areas
Examines similarities and differences in employment and wages between metro and nonmetro areas.
- Gulf War Era Veterans in the Labor Force
Examines the demographic, employment, and unemployment characteristics of civilians who served in the U.S. military during Gulf War era.
- Using BLS Data to Match People with Disabilities with Jobs Presents data that can help increase access and opportunity for people with disabilities in the nation’s labor market.
- How Women and Aging Affect Trends in Labor Force Growth Examines how women’s labor force participation and the aging of the U.S. population affect trends in labor force growth.