Mass layoffs up in February
March 24, 2008
In February 2008, employers took 1,672 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 177,374, on a seasonally adjusted basis.
The number of mass layoff events in February 2008 increased by 234 from the prior month, while the number of associated initial claims increased by 33,263.
February layoff events and associated initial claimants were the highest since September 2005 (which reflected the impact of Hurricane Katrina) and were the highest for the month of February since 2003.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs up in February on the Internet at https://www.bls.gov/opub/ted/2008/mar/wk4/art01.htm (visited August 04, 2020).
Recent editions of Spotlight on Statistics
- 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.
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.