Friday, November 21, 2008
Tweet[IWS] BLS: MASS LAYOFFS IN OCTOBER 2008 [21 November 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 OCTOBER 2008 [21 November 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 October, employers took 2,140 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
232,468, on a seasonally adjusted basis. The number of mass layoff
events this October decreased by 129 from the prior month, and the
number of associated initial claims fell by 3,213. Both layoff events
and initial claims reached their highest October levels since 2001, a
month that experienced continued layoff activity from the September 11
attacks. In October, 635 mass layoff events were reported in the
manufacturing sector, seasonally adjusted, resulting in 87,403 initial
claims. Over the month, mass layoff events in manufacturing increased
by 32 and initial claims increased by 5,989; the third consecutive
over-the-month increase for both. (See table 1.)
From January through October 2008, the total number of events (sea-
sonally adjusted), at 16,951, and initial claims (seasonally adjusted),
at 1,742,914, were the highest for the January-October period since 2002.
The national unemployment rate was 6.5 percent in October, seasonally
adjusted, up significantly from 6.1 percent the prior month and up from
4.8 percent a year earlier. In October, total nonfarm payroll employment
decreased by 240,000 over the month and by 1,078,000 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 OCTOBER 2008 [21 November 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 October, employers took 2,140 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
232,468, on a seasonally adjusted basis. The number of mass layoff
events this October decreased by 129 from the prior month, and the
number of associated initial claims fell by 3,213. Both layoff events
and initial claims reached their highest October levels since 2001, a
month that experienced continued layoff activity from the September 11
attacks. In October, 635 mass layoff events were reported in the
manufacturing sector, seasonally adjusted, resulting in 87,403 initial
claims. Over the month, mass layoff events in manufacturing increased
by 32 and initial claims increased by 5,989; the third consecutive
over-the-month increase for both. (See table 1.)
From January through October 2008, the total number of events (sea-
sonally adjusted), at 16,951, and initial claims (seasonally adjusted),
at 1,742,914, were the highest for the January-October period since 2002.
The national unemployment rate was 6.5 percent in October, seasonally
adjusted, up significantly from 6.1 percent the prior month and up from
4.8 percent a year earlier. In October, total nonfarm payroll employment
decreased by 240,000 over the month and by 1,078,000 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 : 11:45 AM
