Mass layoffs continue to decline
The number of mass layoffs – events where at least 50 unemployment claims come from a single employer – has fallen since early 2009, and continues to fall.
The September release of the Bureau of Labor Statistics (BLS) Mass Layoff Report indicated a continued decline in large-scale layoffs with 1486 mass layoff events resulting in 133,379 initial unemployment claimants on a seasonally adjusted basis.–
The BLS considers a mass layoff event to be a condition where there are at least fifty initial claims for unemployment insurance originating from a single employer over a period of five consecutive weeks.
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