stats.bls.gov
Mass Layoffs in April 2003
Technical information: (202) 691-6392 USDL 03-261
bls.gov
For release: 10:00 A.M. EDT
Media contact: 691-5902 Thursday, May 29, 2003
MASS LAYOFFS IN APRIL 2003
Employers initiated 1,576 mass layoff actions in April 2003, as measured
by new filings for unemployment insurance benefits during the month, accord-
ing to data from the U.S. Department of Labor's Bureau of Labor Statistics.
Each action involved at least 50 persons from a single establishment, and the
number of workers involved totaled 161,095. (See table 1.) Compared with
April 2002, the number of layoff events increased slightly, while the number
of workers involved declined. April 2003 marked the 11th consecutive month
the number of mass layoff initial claims declined over the year. From
January through April 2003, the total number of events, at 6,460, and initial
claims, at 624,401, were lower than in January-April 2002 (6,496 and 730,002,
respectively).
The total of mass lay offs from these stats is declining. It is good news. |
