Friday, December 19, 2008
[IWS] BLS: MASS LAYOFFS IN NOVEMBER 2008 [19 December 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
MASS LAYOFFS IN NOVEMBER 2008 [19 December 2008]
http://www.bls.gov/news.release/mmls.nr0.htm
or
http://www.bls.gov/news.release/pdf/mmls.pdf
[full-text, 10 pages]
In November, employers took 2,328 mass layoff actions, seasonally
adjusted, as measured by new filings for unemployment insurance
benefits during the month, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. Each action involved at least 50
persons from a single employer; the number of workers involved totaled
224,079 on a seasonally adjusted basis. The number of mass layoff
events in November increased by 188 from the prior month, while the
number of associated initial claims decreased by 8,389. Over the
year, the number of mass layoff events increased by 999, and the
number of associated initial claims increased by 84,408. In November,
874 mass layoff events reported in the manufacturing sector, season-
ally adjusted, resulting in 98,408 initial claims. Over the month,
mass layoff events in manufacturing increased by 239, and initial
claims increased by 11,005, the fourth consecutive over-the-month
increase for both. (See table 1.)
From the start of the recession in December 2007 through November
2008, the total number of mass layoff events (seasonally adjusted) was
20,712, and the number of initial claims (seasonally adjusted) was
2,108,743.
The national unemployment rate was 6.7 percent in November, season-
ally adjusted, up from 6.5 percent the prior month and from 4.7 percent
a year earlier. In November, total nonfarm payroll employment decreased
by 533,000 over the month and by 1,870,000 from a year earlier.
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
MASS LAYOFFS IN NOVEMBER 2008 [19 December 2008]
http://www.bls.gov/news.release/mmls.nr0.htm
or
http://www.bls.gov/news.release/pdf/mmls.pdf
[full-text, 10 pages]
In November, employers took 2,328 mass layoff actions, seasonally
adjusted, as measured by new filings for unemployment insurance
benefits during the month, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. Each action involved at least 50
persons from a single employer; the number of workers involved totaled
224,079 on a seasonally adjusted basis. The number of mass layoff
events in November increased by 188 from the prior month, while the
number of associated initial claims decreased by 8,389. Over the
year, the number of mass layoff events increased by 999, and the
number of associated initial claims increased by 84,408. In November,
874 mass layoff events reported in the manufacturing sector, season-
ally adjusted, resulting in 98,408 initial claims. Over the month,
mass layoff events in manufacturing increased by 239, and initial
claims increased by 11,005, the fourth consecutive over-the-month
increase for both. (See table 1.)
From the start of the recession in December 2007 through November
2008, the total number of mass layoff events (seasonally adjusted) was
20,712, and the number of initial claims (seasonally adjusted) was
2,108,743.
The national unemployment rate was 6.7 percent in November, season-
ally adjusted, up from 6.5 percent the prior month and from 4.7 percent
a year earlier. In November, total nonfarm payroll employment decreased
by 533,000 over the month and by 1,870,000 from a year earlier.
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 7:48 AM
