Mass layoffs down in November
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Manufacturing News, Source : TheManufacturer.com
Published : 23 Dec 2003 16:38
Employers initiated 1,438 mass layoff actions in November, down from 1,523 in October, according to data from the US Department of Labor's Bureau of Labor Statistics.
The data was measured using initial filings for unemployment benefits during the month. Each mass layoff action involved at least 50 persons from a single establishment. The number of workers involved totaled 138,543.
The number of layoff events and initial claims were sharply lower than a year ago, with the number of initial claims at the lowest level for November since 1997.
The manufacturing sector recorded 28 percent of all mass layoff events and 35 percent of all initial claims filed in November. A year ago, manufacturing reported 33 percent of events and 39 percent of initial claims. Within manufacturing, the number of claimants was highest in transportation equipment (9,696) and food processing (8,410).
Among the four regions, the highest number of initial claims in November due to mass layoffs was reported in the Midwest, 46,298. The West region was next, with 43,329 initial claims, followed by the South, with 27,438, and the Northeast, with 21,478.
From January through November, California reported 441,620 initial claims, 26 percent of the national total. The states with the next highest numbers of initial claims were Pennsylvania (101,166), Ohio (92,171), Texas (84,556), and New York (84,135).
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