Mass layoffs jump by about 300 in April

The number of mass layoff events rose to 1,564, which resulted in 143,927 initial unemployment claims

By , Guest blogger

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    This chart shows the number of mass layoff events from 2007 through last month. The number seen in April 2011 was roughly half of the number of mass layoffs that there were at the peak in March 2009.
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The latest release of the Bureau of Labor Statistics (BLS) Mass Layoff Report indicated a notable jump in large-scale layoffs with 1564 mass layoff events for April resulting in 143,927 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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