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
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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