Colorado mass layoffs drop in May

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The number of Colorado businesses that laid off 50 or more employees at a time fell in May to 10 – down from 20 in April.

The U.S. Department of Labor reported that seven companies made mass layoffs in March, 10 in February and 13 in January.

Officials said 1,024 Colorado workers filed for unemployment insurance as a result of mass layoffs in May, down from 2,269 in April. There were 626 in March, 706 in February, 1,301 in January and 1,941 in December.

Nationwide, there were 1,412 mass layoffs in May that resulted in 135,789 separated workers, seasonally adjusted.

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