Mass layoffs in July 2008
August 25, 2008
In July, employers took 1,512 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.
Each action involved at least 50 persons from a single employer; the number of workers involved totaled 151,171.
The number of mass layoff events this July decreased by 131 from the prior month, while the number of associated initial claims decreased by 14,526.
From January through July 2008, the total number of mass layoff events (seasonally adjusted), at 10,770, was the highest for the January-July period since 2003.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in July 2008 on the Internet at https://www.bls.gov/opub/ted/2008/aug/wk4/art01.htm (visited October 24, 2020).
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