Thursday, August 11, 2005
Tweet[IWS] BLS: EXTENDED MASS LAYOFFS IN THE SECOND QUARTER OF 2005 [11 August 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
________________________________________________________________________
EXTENDED MASS LAYOFFS IN THE SECOND QUARTER OF 2005 [11 August 2005]
http://www.bls.gov/news.release/mslo.nr0.htm
or
http://www.bls.gov/news.release/pdf/mslo.pdf
[full-text, 21 pages]
In the second quarter of 2005, 1,056 mass layoff actions were taken
by employers that resulted in the separation of 211,009 workers from
their jobs for at least 31 days, according to preliminary figures re-
leased by the U.S. Department of Labor's Bureau of Labor Statistics.
Both the total number of layoff events and the number of separations
were sharply lower than in April-June 2004. Both figures were at their
lowest levels for any second quarter since 2000. (See table A.) The
declines over the year were most notable in administrative and support
services, transit and ground passenger transportation, and food manu-
facturing. Extended mass layoffs that involve the movement of work with-
in the same company or to a different company, domestically or outside
the U.S., occurred in 11 percent of the nonseasonal layoff events and
worker separations. (See table B.) Among employers who anticipated
recalling laid-off workers, 49 percent expected to extend the offer to
all laid-off workers. This is a lower proportion than a year earlier.
The completion of seasonal work accounted for 41 percent of all events
and resulted in 111,931 separations during the period--the highest share
and second highest level of private nonfarm seasonal separations for any
second quarter since the program began in the second quarter of 1995. Lay-
offs due to internal company restructuring (bankruptcy, business ownership
change, financial difficulty, and reorganization) represented 14 percent of
events and resulted in 25,927 separations, the lowest level for any second
quarter. Permanent closure of worksites occurred in 10 percent of all events
and affected 20,565 workers, the fewest number of separations due to perma-
nent closures for any second quarter.
In the second quarter of 2005, the national unemployment rate was 5.0 per-
cent, not seasonally adjusted; a year earlier it was 5.5 percent. Private
nonfarm payroll employment, not seasonally adjusted, increased by 1.8 percent
or about 2 million jobs from April-June 2004 to April-June 2005.
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
________________________________________________________________________
EXTENDED MASS LAYOFFS IN THE SECOND QUARTER OF 2005 [11 August 2005]
http://www.bls.gov/news.release/mslo.nr0.htm
or
http://www.bls.gov/news.release/pdf/mslo.pdf
[full-text, 21 pages]
In the second quarter of 2005, 1,056 mass layoff actions were taken
by employers that resulted in the separation of 211,009 workers from
their jobs for at least 31 days, according to preliminary figures re-
leased by the U.S. Department of Labor's Bureau of Labor Statistics.
Both the total number of layoff events and the number of separations
were sharply lower than in April-June 2004. Both figures were at their
lowest levels for any second quarter since 2000. (See table A.) The
declines over the year were most notable in administrative and support
services, transit and ground passenger transportation, and food manu-
facturing. Extended mass layoffs that involve the movement of work with-
in the same company or to a different company, domestically or outside
the U.S., occurred in 11 percent of the nonseasonal layoff events and
worker separations. (See table B.) Among employers who anticipated
recalling laid-off workers, 49 percent expected to extend the offer to
all laid-off workers. This is a lower proportion than a year earlier.
The completion of seasonal work accounted for 41 percent of all events
and resulted in 111,931 separations during the period--the highest share
and second highest level of private nonfarm seasonal separations for any
second quarter since the program began in the second quarter of 1995. Lay-
offs due to internal company restructuring (bankruptcy, business ownership
change, financial difficulty, and reorganization) represented 14 percent of
events and resulted in 25,927 separations, the lowest level for any second
quarter. Permanent closure of worksites occurred in 10 percent of all events
and affected 20,565 workers, the fewest number of separations due to perma-
nent closures for any second quarter.
In the second quarter of 2005, the national unemployment rate was 5.0 per-
cent, not seasonally adjusted; a year earlier it was 5.5 percent. Private
nonfarm payroll employment, not seasonally adjusted, increased by 1.8 percent
or about 2 million jobs from April-June 2004 to April-June 2005.
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 : 11:06 AM
