Labor Events and Resources Blog

Institute of Industrial Relations Library

MASS LAYOFFS IN MARCH 2005 [26 April 2005]
http://www.bls.gov/news.release/mmls.nr0.htm
full-text, 10 pages]

In March 2005, employers took 1,194 mass layoff actions, seasonallyadjusted, as measured by new filings for unemployment insurance benefitsduring the month, the Bureau of Labor Statistics of the U.S. Department ofLabor reported today. Each action involved at least 50 persons from asingle establishment, and the number of workers involved totaled 130,848,on a seasonally adjusted basis. (See table 1.) The number of layoffevents rose by 66, and the number of associated initial claims increased by13,164 from February. In the manufacturing sector, 371 mass layoff eventswere reported during March 2005, seasonally adjusted, resulting in 55,377initial claims, both figures higher than a month earlier. (See table 1.) From January through March 2005, the total number of events (seasonallyadjusted), at 3,779, and initial claims (seasonally adjusted), at 399,522,were lower than in January-March 2004 (4,043 and 415,048, respectively).

Source: Stuart Basefsky, Cornell Institute for Workplace Studies