Mass layoffs increase, initial claims decrease

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March filings for unemployment insurance showed that national employers made 1,628 mass layoffs, which translates to 150,000 lost jobs.

However, mass layoffs have decreased in five of the last seven months, and initial claims have decreased in six of the last seven months.

A report released today by the U.S. Bureau of Labor Statistics showed that each mass layoff involved at least 50 people from a single employer.

Although the number of mass layoff events in March increased by 58 from February, the number of initial unemployment claims decreased by nearly 5,000.

There was also improvement in the manufacturing sector, where 356 mass layoffs resulted in more than 39,000 initial unemployment claims.

But both figures are at their lowest levels since August 2007.

In Colorado, mass layoffs decreased from 13 in January, to 10 in February, to 7 in March, with initial unemployment claims dropping from 1,301 in January, to 706 in February, to 626 in March.

One Response to Mass layoffs increase, initial claims decrease

  1. “However, mass layoffs have decreased in five of the last seven months, and initial claims have decreased in six of the last seven months.”

    So, we’re in the eye of the storm. The eye probably created by the increase in census workers. Ya know what happens after the eye passes over you.

    Christopher Colvin
    May 12, 2010 at 12:49 pm