May 01, 2003 (The Editor’s Desk is updated each business day.)
Mass layoffs in March
Employers initiated 1,170 mass layoff actions in March 2003. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 109,838.
![Number of mass layoff events in January-March of each year, 1996-2003](https://webarchive.library.unt.edu/web/20120925095401im_/http://www.bls.gov/opub/ted/images/2003/apr/wk4/art04.gif)
[Chart data—TXT]
Compared with March 2002, the number of layoff events declined by 20 percent and the number of workers involved fell by 32 percent. (March 2003 contained 4 weeks for possible mass layoffs, compared with 5 weeks in each March of the prior 3 years.)
From January through March 2003, the total number of events, at 4,767, and initial claims, at 450,312, were lower than
the January-March 2002 levels of 4,989 and 564,141, respectively.
These data are from the Mass Layoff Statistics program. Mass layoffs data for February and March 2003 are preliminary and subject to revision. For more information, see news release USDL 03-201,
"Mass Layoffs in March 2003" (PDF) (TXT).
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
.
Read more »