Mass Layoffs reach new heights
Submitted by Eric Lotke
March 21st, 2008
Posted in
In February, 1,672 mass layoff events resulted in 177,374 filings for unemployment insurance, seasonally adjusted. Both were the highest since 2003, and the highest in any month since September 2005 (reflecting the impact of Hurricane Katrina). Over the month, mass layoff events and initial claims rose 234 and 33,263, respectively.
SourceU.S. Bureau of Labor Statistics, "Mass Layoffs in February 2008." http://www.bls.gov/news.release/pdf/mmls.pdf
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