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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

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EXTENDED MASS LAYOFFS -- FOURTH QUARTER 2012 [14 February 2013]

ANNUAL TOTALS -- 2012

http://www.bls.gov/news.release/mslo.nr0.htm

or

http://www.bls.gov/news.release/pdf/mslo.pdf

[full-text, 19 pages]

 

Employers in the private nonfarm sector initiated 1,674 mass layoff events in the

fourth quarter of 2012 that resulted in the separation of 319,639 workers from

their jobs for at least 31 days, the U.S. Bureau of Labor Statistics reported

today. Over the year, total extended mass layoff events and associated worker

separations were down from 1,903 and 334,383, respectively. (See table A.)

Permanent worksite closures accounted for 7 percent of all events and 10 percent

of all separations during the fourth quarter of 2012, primarily in the manufacturing

sector. Fourth quarter 2012 layoff data are preliminary and are subject to revision.

(See the Technical Note.)

 

Preliminary fourth quarter 2012 data indicate that in New Jersey and New York,

31 extended mass layoff events related to Hurricane Sandy resulted in 6,759 worker

separations.

 

Industry Distribution of Extended Layoffs

 

Construction industry firms reported 528 extended mass layoff events and 68,463

separations in the fourth quarter of 2012, largely due to the completion of

seasonal work. This sector accounted for 32 percent of layoff events and 21 percent

of related separations during the quarter. (See table 1.)

 

During the same period, the manufacturing sector had 311 extended mass layoff

events and 62,964 separations, also largely due to the completion of seasonal

work. This sector accounted for 19 percent of layoff events and 20 percent of

related separations during the quarter. Employers in the administrative and

waste services sector reported 249 layoff events and 55,685 separations,

primarily due to contract completion. (See table 1.)

 

AND MUCH MORE...including TABLES....

 

 

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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.