Thursday, February 23, 2006
Tweet[IWS] BLS: MASS LAYOFFS IN JANUARY 2006 [23 February 2006]
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 JANUARY 2006 [23 February 2006]
http://www.bls.gov/news.release/mmls.nr0.htm
or
http://www.bls.gov/news.release/pdf/mmls.pdf
[full-text, 10 pages]
In January 2006, employers took 1,113 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 108,378,
on a seasonally adjusted basis. (See table 1.) The number of layoff
events fell by 195 from December 2005, and was the lowest for any month
since October 2000. The number of initial claims due to mass layoff ac-
tions declined by 41,187 over the month. In the manufacturing sector,
274 mass layoff events were reported during January 2006, seasonally ad-
justed, resulting in 29,541 initial claims. Both figures were the lowest
ever recorded in the program. (See table 1.)
In January 2006, the national unemployment rate was 4.7 percent, sea-
sonally adjusted, down from 4.9 percent in December 2005 and 5.2 percent
in January 2005. Total nonfarm payroll employment, seasonally adjusted,
increased by 193,000 over the month and by 2.1 million over the year.
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 JANUARY 2006 [23 February 2006]
http://www.bls.gov/news.release/mmls.nr0.htm
or
http://www.bls.gov/news.release/pdf/mmls.pdf
[full-text, 10 pages]
In January 2006, employers took 1,113 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 108,378,
on a seasonally adjusted basis. (See table 1.) The number of layoff
events fell by 195 from December 2005, and was the lowest for any month
since October 2000. The number of initial claims due to mass layoff ac-
tions declined by 41,187 over the month. In the manufacturing sector,
274 mass layoff events were reported during January 2006, seasonally ad-
justed, resulting in 29,541 initial claims. Both figures were the lowest
ever recorded in the program. (See table 1.)
In January 2006, the national unemployment rate was 4.7 percent, sea-
sonally adjusted, down from 4.9 percent in December 2005 and 5.2 percent
in January 2005. Total nonfarm payroll employment, seasonally adjusted,
increased by 193,000 over the month and by 2.1 million over the year.
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 : 10:47 AM
