Academic journal article Monthly Labor Review

Mass Layoff Statistics Restored. (Labor Month in Review)

Academic journal article Monthly Labor Review

Mass Layoff Statistics Restored. (Labor Month in Review)

Article excerpt

Publication of data from the Mass layoff Statistics programs resumed with news release USDL 03-165, "Mass Layoffs in January-February 2003 and Annual Averages for 2002" on April 9, 2003. The MLS program had been discontinued on December 31, 2002, due to lack of funding. In that release, the Bureau of Labor Statistics reported that 20,269 mass layoff events occurred in the Nation in 2002, resulting in 2,244,631 initial claims filings for unemployment insurance. Both measures were lower than in 2001.

The number of initial claims filed in 2002 due to mass layoffs was higher in the West, 745,638, than in any other region. The smallest number of mass-layoff initial claims was reported in the Northeast region, 338,965. Over the year, however, decreases in mass-layoff initial claims occurred in each of the four regions, with the largest decline in the Midwest.

Manufacturing accounted for 35 percent of all mass layoff events and 40 percent of initial claims filed during 2002. A year earlier, manufacturing accounted for 42 percent of such events and 49 percent of claims. …

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