News Markets Media

USA | Europe | Asia | World| Stocks | Commodities

Home News USA U.S. Mass Layoffs in October 2010


U.S. Mass Layoffs in October 2010
added: 2010-11-25

Employers took 1,651 mass layoff actions in October that resulted in the separation of 148,059 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported. Each action involved at least 50 persons from a single employer. The number of mass layoff events in October increased by 121 from the prior month, and the number of associated initial claims increased by 9,839. In October, 356 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 37,438 initial claims; both figures increased over the month.

The national unemployment rate was 9.6 percent in October, unchanged from the prior month and down from 10.1 percent a year earlier. In October, total nonfarm payroll employment increased by 151,000 over the month and by 829,000 from a year earlier.

Industry Distribution (Not Seasonally Adjusted)

The number of mass layoff events in October was 1,642 on a not seasonally adjusted basis; the number of associated initial claims was 148,638. Over the year, the number of mass layoff events decreased by 292, and associated initial claims decreased by 45,266. Fourteen of the 19 major industry sectors in the private economy reported over-the-year decreases in initial claims, led by manufacturing. Manufacturing reached an October program low in terms of average weekly claims, while health care and social assistance reached an October program high.

The manufacturing sector accounted for 21 percent of all mass layoff events and 27 percent of initial claims filed in October. A year earlier, manufacturing made up 29 percent of events and 36 percent of initial claims. Within manufacturing, the number of claimants in October was greatest in food and transportation equipment. Fifteen of the 21 manufacturing subsectors experienced over-the-year decreases in initial claims, with the largest declines in transportation equipment and in machinery.

Government registered over-the-year increases in mass layoff events and initial claims. Year-to-date initial claim totals through October for government are the highest on record (with data available back to 1996), due in part to layoffs in educational services and the completion of work on the decennial census.

The six-digit industry with the largest number of initial claims in October was temporary help services. The table includes both publicly and privately owned entities.

Geographic Distribution (Not Seasonally Adjusted)

All four regions and 8 of the 9 divisions experienced over-the-year decreases in initial claims due to mass layoffs in October. Among the census regions, the Midwest registered the largest over-the-year declines in initial claims. Of the geographic divisions, the East North Central had the largest over-the-year decline in initial claims.

California recorded the highest number of initial claims in October, followed by Pennsylvania and Florida. Thirty-two states experienced over-the-year decreases in initial claims, led by Michigan, Ohio, California, and Illinois. Maine, North Dakota, South Dakota, and West Virginia had no mass layoff activity during the month. Arizona and Wyoming reached October program highs for average weekly initial claims.


Source: U.S. Department of Labor

Privacy policy . Copyright . Contact .