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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
Mass Layoffs Summary
For release 10:00 a.m. (EST) Wednesday, December 22, 2010 USDL-10-1750
Technical information: (202) 691-6392 * mlsinfo@bls.gov * Mass Layoff Statistics Home Page
Media contact: (202) 691-5902 * PressOffice@bls.gov
MASS LAYOFFS -- NOVEMBER 2010
Employers took 1,586 mass layoff actions in November involving 152,816
workers, seasonally adjusted, as measured by new filings for unemploy-
ment insurance benefits during the month, the U.S. Bureau of Labor
Statistics reported today. Each mass layoff involved at least 50 per-
sons from a single employer. The number of mass layoff events in
November decreased by 65 from the prior month, while the number of
associated initial claims increased by 4,757. In November, 354 mass lay-
off events were reported in the manufacturing sector, seasonally ad-
justed, resulting in 39,465 initial claims. Over the month, the number
of manufacturing events decreased slightly, while associated initial
claims increased by 2,027. (See table 1.)
The national unemployment rate was 9.8 percent in November, up from
9.6 percent the prior month and down from 10.0 percent a year earlier.
In November, total nonfarm payroll employment increased by 39,000 over
the month and by 842,000 from a year earlier.
Industry Distribution (Not Seasonally Adjusted)
The number of mass layoff events in November was 1,676 on a not sea-
sonally adjusted basis; the number of associated initial claims was
158,048. Over the year, the number of mass layoff events decreased by
194, and associated initial claims decreased by 6,448. (See table 2.)
Twelve of the 19 major industry sectors in the private economy reported
over-the-year decreases in initial claims, led by manufacturing.
The manufacturing sector accounted for 23 percent of all mass layoff
events and 26 percent of initial claims filed in November. A year ear-
lier, manufacturing made up 28 percent of events and 33 percent of ini-
tial claims. Within manufacturing, the number of claimants in November
was greatest in transportation equipment and in food. Thirteen of the
21 manufacturing subsectors experienced over-the-year decreases in ini-
tial claims, with the largest declines in transportation equipment and
in machinery.(See table 3.)
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If the durable goods are up they why would manufacturing be laying off?
Because they are trying to keep they books in a profit position for stockholder performance.
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