Saturday, June 21, 2008

Hawaii reports 4 'mass layoffs' in May


There were four "mass layoffs" in Hawaii in May, which resulted in the loss of 304 jobs for at least 31 days, according to the U.S. Department of Labor on Friday.

In May 2007, there were three mass layoff events that resulted in the loss of 251 jobs.

A mass layoff is when there are 50 or more initial claims for unemployment insurance benefits from one employer during a five-week period, with at least 50 workers separated for more than 30 days.

Hawaii was one of six states that reported program highs in terms of average weekly initial claims in May, the department said. The other five were Florida, Indiana, Kentucky, Louisiana and Ohio.

The increase in layoffs during May included the loss of 50 jobs at ATA Airlines, which shut down its passenger operations April 3.

Nationwide there were 1,626 mass layoffs in May that resulted in the separation of 171,387 workers from their jobs for at least 31 days, seasonally adjusted.

Seasonal adjustment is the process of estimating and removing the effect of regularly recurring seasonal events such as changes in the weather, holidays and the beginning and ending of the school year.

The manufacturing industry accounted for 25 percent of all mass layoff events in May.

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