July 24, 2008
In June, 541 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 76,514 initial claims for unemployment insurance. Each mass layoff event involved at least 50 persons from a single employer.
Both measures were at their highest monthly levels since August 2003. Over the month, mass layoff events in manufacturing increased by 13 and initial claims increased by 4,456.
In the entire economy, U.S. employers took 1,643 mass layoff actions in June, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.