Mass Layoffs – March 2010

Source: Bureau of Labor Statistics, Press Release, USDL-10-0492, April 23, 2010

Employers took 1,628 mass layoff actions in March that resulted in the separation of 150,864 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today. Each action involved at least 50 persons from a single employer. The number of mass layoff events in March increased by 58 from the prior month, while the number of associated initial claims decreased by 4,854. The number of events has decreased in 5 of the last 7 months, and the number of initial claims has decreased in 6 of the last 7 months. In March, 356 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 39,290 initial claims. Both figures registered their lowest levels since August 2007.
See also:
2010’s 1Q Hospital Mass Layoffs Keep Pace with 2009’s Record Levels
Source: John Commins, HealthLeaders Media, April 23, 2010

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