November 28, 2011 (The Editor’s Desk is updated each business day.)
Mass layoffs and initial claims decrease in October 2011
Employers took 1,353 mass layoff actions in October involving 118,689 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.
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The number of mass layoff events in October decreased by 142 from September, and the number of associated initial claims decreased by 34,540.
In October, 345 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 33,849 initial claims.
These data are from the Mass Layoff Statistics program. For more information, see "Mass Layoffs — October 2011" (HTML) (PDF), news release USDL-11-1671. Each mass layoff involved at least 50 workers from a single employer.
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