July 23, 2012 (The Editor’s Desk is updated each business day.)
Mass layoffs in June 2012
In June, employers took 1,317 mass layoff actions involving 131,406 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month. The number of mass layoff events in June decreased by 63 from May, while the number of associated initial claims increased by 1,215.
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There were 267 mass layoff events reported in June in the manufacturing sector, seasonally adjusted, which resulted in 29,093 initial claims for unemployment insurance.
Year-to-date mass layoff events (8,085) and initial claims (767,890) both recorded their lowest figures for a January–June period since 2007.
These data are from the Mass Layoff Statistics program. To learn more, see "Mass Layoffs — June 2012" (HTML) (PDF), news release USDL-12-1420. Each mass layoff event involves at least 50 persons from a single employer. Mass layoff data are identified using administrative data sources without regard to layoff duration.
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