Mass layoffs in manufacturing down
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Manufacturing News, Source : TheManufacturer.com
Published : 24 Mar 2004 18:31
The manufacturing sector had 26 percent of all mass layoff events and
27 percent of all initial claims filed in February, both the lowest percentages for any February on record, the US Department of Labor’s Bureau of Labor Statistics reported today.
One year ago, manufacturing reported 32 percent of all mass layoff events (affecting 50 or more workers) and 39 percent of initial unemployment claims. Within manufacturing, the number of first-time unemployment claimants was highest in food processing (6,517, mainly in fruit and vegetable canning), followed by transportation equipment (2,671) and electrical equipment and appliances (2,109).
There were a total of 941 mass layoff actions by employers in all sectors, according to the Bureau of Labor Statistics. The total number of workers involved totaled 84,201.
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