11/10/2009 - EXTENDED MASS LAYOFFS — THIRD QUARTER OF 2009

By Daniel at 12 November, 2009, 12:02 pm

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Employers initiated 1,776 mass layoff events in the third quarter of 2009
that resulted in the separation of 277,924 workers from their jobs for at
least 31 days, according to preliminary figures released by the U.S. Bureau
of Labor Statistics. The number of extended mass layoff events reached a
record high for any third quarter (with data available back to 1995). (See
table A.) Third quarter program highs in the number of events were also re-
corded in half of the 18 major industry sectors, 2 of the 4 geographic re-
gions, 4 of the 9 divisions, and 15 states.

Separations due to business demand reasons increased by 27 percent from the
same period a year ago. Thirty-three percent of employers reporting an ex-
tended mass layoff event in the third quarter of 2009 indicated they antici-
pated some type of recall, up slightly from 29 percent a year earlier. Third
quarter 2009 layoff data are preliminary and are subject to revision.

Source: http://www.bls.gov/news.release/mslo.nr0.htm

- Jimmy