Friday, May 27, 2005
Tweet[IWS] BLS: MASS LAYOFFS IN APRIL 2005 [27 May 2005]
IWS Documented News Service
_______________________________
Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
________________________________________________________________________
MASS LAYOFFS IN APRIL 2005 [27 May 2005]
http://www.bls.gov/news.release/mmls.nr0.htm
or
http://www.bls.gov/news.release/pdf/mmls.pdf
[full-text, 10 pages]
In April 2005, employers took 1,274 mass layoff actions, seasonally
adjusted, as measured by new filings for unemployment insurance benefits
during the month, the Bureau of Labor Statistics of the U.S. Department of
Labor reported today. Each action involved at least 50 persons from a
single establishment, and the number of workers involved totaled 136,837,
on a seasonally adjusted basis. (See table 1.) The number of layoff
events rose by 80, and the number of associated initial claims increased by
5,989 from March. In the manufacturing sector, 395 mass layoff events were
reported during April 2005, seasonally adjusted, resulting in 63,121 initial
claims; both figures were higher than a month earlier. (See table 1.)
From January through April 2005, the total number of events (seasonally
adjusted), at 5,053, and initial claims (seasonally adjusted), at 536,359,
were lower than in January-April 2004 (5,465 and 564,097, respectively).
Industry Distribution (Not Seasonally Adjusted)
The 10 industries reporting the highest number of mass-layoff initial
claims, not seasonally adjusted, accounted for 55,332 initial claims in
April, 35 percent of the total. (See table A.) Temporary help services,
with 12,663 initial claims, and school and employee bus transportation,
with 9,046, together accounted for 14 percent of all initial claims in
April.
The manufacturing sector accounted for 29 percent of all mass layoff
events and 37 percent of all initial claims filed in April 2005. A year
earlier, manufacturing comprised 24 percent of events and 23 percent of
initial claims. Within manufacturing, the number of claimants in April
2005 was highest in transportation equipment (20,879, mostly automotive-
related), followed by food processing (9,653). (See table 3.)
Administrative and waste services accounted for 15 percent of events and
13 percent of initial claims filed in April, with layoffs mainly from tem-
porary help services. Eight percent of all layoff events and initial claims
filed during the month were from the retail trade sector, primarily from
general merchandise stores. Transportation and warehousing accounted for
7 percent of events and initial claims in April, mostly from school and
employee bus transportation. Construction accounted for 9 percent of events
and 6 percent of initial claims during the month, largely among specialty
trade contractors. An additional 3 percent of events and 5 percent of ini-
tial claims were from the information sector, mainly from motion picture and
video production.
AND MUCH MORE...including TABLES....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
*
Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
****************************************
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
________________________________________________________________________
MASS LAYOFFS IN APRIL 2005 [27 May 2005]
http://www.bls.gov/news.release/mmls.nr0.htm
or
http://www.bls.gov/news.release/pdf/mmls.pdf
[full-text, 10 pages]
In April 2005, employers took 1,274 mass layoff actions, seasonally
adjusted, as measured by new filings for unemployment insurance benefits
during the month, the Bureau of Labor Statistics of the U.S. Department of
Labor reported today. Each action involved at least 50 persons from a
single establishment, and the number of workers involved totaled 136,837,
on a seasonally adjusted basis. (See table 1.) The number of layoff
events rose by 80, and the number of associated initial claims increased by
5,989 from March. In the manufacturing sector, 395 mass layoff events were
reported during April 2005, seasonally adjusted, resulting in 63,121 initial
claims; both figures were higher than a month earlier. (See table 1.)
From January through April 2005, the total number of events (seasonally
adjusted), at 5,053, and initial claims (seasonally adjusted), at 536,359,
were lower than in January-April 2004 (5,465 and 564,097, respectively).
Industry Distribution (Not Seasonally Adjusted)
The 10 industries reporting the highest number of mass-layoff initial
claims, not seasonally adjusted, accounted for 55,332 initial claims in
April, 35 percent of the total. (See table A.) Temporary help services,
with 12,663 initial claims, and school and employee bus transportation,
with 9,046, together accounted for 14 percent of all initial claims in
April.
The manufacturing sector accounted for 29 percent of all mass layoff
events and 37 percent of all initial claims filed in April 2005. A year
earlier, manufacturing comprised 24 percent of events and 23 percent of
initial claims. Within manufacturing, the number of claimants in April
2005 was highest in transportation equipment (20,879, mostly automotive-
related), followed by food processing (9,653). (See table 3.)
Administrative and waste services accounted for 15 percent of events and
13 percent of initial claims filed in April, with layoffs mainly from tem-
porary help services. Eight percent of all layoff events and initial claims
filed during the month were from the retail trade sector, primarily from
general merchandise stores. Transportation and warehousing accounted for
7 percent of events and initial claims in April, mostly from school and
employee bus transportation. Construction accounted for 9 percent of events
and 6 percent of initial claims during the month, largely among specialty
trade contractors. An additional 3 percent of events and 5 percent of ini-
tial claims were from the information sector, mainly from motion picture and
video production.
AND MUCH MORE...including TABLES....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 1:16 PM
