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Colorado mass layoffs drop in May

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… Continue Reading Colorado mass layoffs drop in May

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… Continue Reading Mass layoffs increase, initial claims decrease

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Employers took 1,521 mass layoff actions in January, which resulted in 182,261 workers losing their jobs, said the Bureau of Labor Statistics. Each mass layoff involved at least 50 people from a single employer – and both layoff events and initial claims increased during January, after four consecutive decreases. Manufacturing had the most number of… Continue Reading Layoffs increase after four months of lower claims

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