Number of Mass Layoffs at Rises in Sept.
Friday, October 26, 2001
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NEW YORK — Mass layoffs by U.S. firms surged in September from the same period one year ago, with manufacturing accounting for the largest share of job cuts, the government said Friday.
The U.S. Bureau of Labor Statistics (BLS) said there were 1,316 layoff actions, in which 50 or more workers lost their jobs last month, up 41 percent from September 2000 -- the most mass layoffs for any September since the series began in April 1995.
In 2000, initial claims for unemployment insurance totaled 1,836,000 and workers have already filed 1,723,176 claims so far this year. The manufacturing sector accounted for 37 percent of all mass layoffs, compared with 34 percent in the same period one year earlier, the BLS said.
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