Friday, December 21, 2007
Tweet[IWS] BLS: MASS LAYOFFS IN NOVEMBER 2007 [21 December 2007]
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 NOVEMBER 2007 [21 December 2007]
http://www.bls.gov/news.release/mmls.nr0.htm
or
http://www.bls.gov/news.release/pdf/mmls.pdf
[full-text, 11 pages]
In November, employers took 1,300 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 employer; the number of workers involved totaled 136,924, on a
seasonally adjusted basis. The number of mass layoff events in November
decreased by 20 from the prior month, while the number of associated
initial claims rose by 5,144. Over the month, 402 mass layoff events were
reported in the manufacturing sector, seasonally adjusted, resulting in
55,926 initial claims. Compared with October, mass layoff activity in
manufacturing decreased by 22 events, and initial claims decreased by 367.
(See table 1.)
From January through November 2007, the total number of events (seasonally
adjusted), at 13,734, and initial claims (seasonally adjusted), at 1,408,852,
were higher than in January-November 2006 when the totals were 12,627 and
1,328,251, respectively.
The national unemployment rate was 4.7 percent in November, unchanged from
the prior month and up from November 2006 (4.5 percent). Total nonfarm pay-
roll employment increased by 94,000 in November 2007 and by 1.5 million from
a year earlier.
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----------------- 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 NOVEMBER 2007 [21 December 2007]
http://www.bls.gov/news.release/mmls.nr0.htm
or
http://www.bls.gov/news.release/pdf/mmls.pdf
[full-text, 11 pages]
In November, employers took 1,300 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 employer; the number of workers involved totaled 136,924, on a
seasonally adjusted basis. The number of mass layoff events in November
decreased by 20 from the prior month, while the number of associated
initial claims rose by 5,144. Over the month, 402 mass layoff events were
reported in the manufacturing sector, seasonally adjusted, resulting in
55,926 initial claims. Compared with October, mass layoff activity in
manufacturing decreased by 22 events, and initial claims decreased by 367.
(See table 1.)
From January through November 2007, the total number of events (seasonally
adjusted), at 13,734, and initial claims (seasonally adjusted), at 1,408,852,
were higher than in January-November 2006 when the totals were 12,627 and
1,328,251, respectively.
The national unemployment rate was 4.7 percent in November, unchanged from
the prior month and up from November 2006 (4.5 percent). Total nonfarm pay-
roll employment increased by 94,000 in November 2007 and by 1.5 million from
a year earlier.
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 : 11:08 AM
