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To: geode00 who wrote (8357)3/18/2004 4:12:21 PM
From: geode00Respond to of 81568
 
Mass Layoffs stats from the US Government. Does this mean the pace is increasing again? If you layoff in chunks of 49 (sub 50) you don't have to report I believe.

bls.gov

In January 2004, there were 2,428 mass layoff actions by employers, as
measured by new filings for unemployment insurance benefits during the
month, according 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 239,454. (See
table 1.) This marked the most events for a January and the third highest
January level of mass-layoff initial claims since the series began. Both
the number of layoff events and initial claims were higher than a year ago.

January 2004 marked only the third time in the last two years that initial
claims had increased over the year.