April 25, 2012 (The Editor’s Desk is updated each business day.)
Mass layoffs in March 2012
Employers took 1,273 mass layoff actions in March involving 121,310 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.
[Chart data]
Mass layoff events in March decreased by 20 from February, while the number of associated initial claims increased by 1,847.
In March, 261 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 26,348 initial claims. Both manufacturing figures were lower when compared with February.
These data are from the Mass Layoff Statistics program. For more information, see "Mass Layoffs — March 2012" (HTML) (PDF), news release USDL-12-0770. Each mass layoff involved at least 50 workers from a single employer.
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