Thursday, May 22, 2008
Tweet[IWS] BLS: MASS LAYOFFS IN APRIL 2008 [22 May 2008]
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 2008 [22 May 2008]
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, employers took 1,308 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 re-
ported today. Each action involved at least 50 persons from a single em-
ployer; the number of workers involved totaled 133,914, on a seasonally
adjusted basis. The number of mass layoff events in April 2008 decreased
by 263 from the prior month, while the number of associated initial claims
decreased by 23,242. In April, 483 mass layoff events were reported in the
manufacturing sector, seasonally adjusted, resulting in 60,552 initial claims.
Over the month, mass layoff events in manufacturing remained essentially un-
changed, but initial claims decreased by 3,536. (See table 1.)
The national unemployment rate was 5.0 percent in April, seasonally ad-
justed, down from 5.1 percent in the prior month but up from 4.5 percent a
year earlier. Total nonfarm payroll employment decreased by 20,000 in April
from the previous month but was 462,000 higher than 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 APRIL 2008 [22 May 2008]
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, employers took 1,308 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 re-
ported today. Each action involved at least 50 persons from a single em-
ployer; the number of workers involved totaled 133,914, on a seasonally
adjusted basis. The number of mass layoff events in April 2008 decreased
by 263 from the prior month, while the number of associated initial claims
decreased by 23,242. In April, 483 mass layoff events were reported in the
manufacturing sector, seasonally adjusted, resulting in 60,552 initial claims.
Over the month, mass layoff events in manufacturing remained essentially un-
changed, but initial claims decreased by 3,536. (See table 1.)
The national unemployment rate was 5.0 percent in April, seasonally ad-
justed, down from 5.1 percent in the prior month but up from 4.5 percent a
year earlier. Total nonfarm payroll employment decreased by 20,000 in April
from the previous month but was 462,000 higher than 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 : 10:30 AM
