Mass layoffs up in Q3 for Mo., Ill.
Missouri reported 18 mass layoffs and 1,625 initial claims for unemployment insurance during the third quarter of 2007, according to numbers released Friday by the U.S. Department of Labor (DOL).
That compares to 10 mass layoffs and 3,462 initial claims in the third quarter of 2006. The DOL's third quarter is defined as July 1 through Sept. 30.
A mass layoff is described as an unexpected layoff of at least 50 people at one company.
Illinois had 70 mass layoffs and 8,899 initial claims in this year's third quarter. That's up from 60 mass layoffs but down from 11,304 claims during last year's third quarter.
There were 931 mass layoffs in the U.S. in the third quarter, with 136,234 initial claims for unemployment insurance.
The national unemployment rate averaged 4.7 percent, not seasonally adjusted, in the third quarter of 2007, unchanged from a year earlier. Private non-farm payroll employment, not seasonally adjusted, increased by 1.4 percent, or about 1.6 million, over the year.
The Mass Layoff Statistics program is a federal-state program that identifies, describes and tracks the effects of major job cutbacks using data from each state's unemployment insurance database. The data represents the private, nonfarm sector.
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That compares to 10 mass layoffs and 3,462 initial claims in the third quarter of 2006. The DOL's third quarter is defined as July 1 through Sept. 30.
A mass layoff is described as an unexpected layoff of at least 50 people at one company.
Illinois had 70 mass layoffs and 8,899 initial claims in this year's third quarter. That's up from 60 mass layoffs but down from 11,304 claims during last year's third quarter.
There were 931 mass layoffs in the U.S. in the third quarter, with 136,234 initial claims for unemployment insurance.
The national unemployment rate averaged 4.7 percent, not seasonally adjusted, in the third quarter of 2007, unchanged from a year earlier. Private non-farm payroll employment, not seasonally adjusted, increased by 1.4 percent, or about 1.6 million, over the year.
The Mass Layoff Statistics program is a federal-state program that identifies, describes and tracks the effects of major job cutbacks using data from each state's unemployment insurance database. The data represents the private, nonfarm sector.
Visit DiversityJobs.com for information on Diversity in the workplace
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