Saturday, June 21, 2008

Kansas unemployment, mass layoffs increase in May


Kansas saw an increase in its mass layoffs and unemployment rate between April and May, the Bureau of Labor Statistics announced.

The state's mass layoffs jumped from five in April to 12 last month, which affected 893 people. Those numbers coincide with the rest of the country, where in May employers took 1,626 mass layoff actions, resulting in 171,387 filings for unemployment insurance, seasonally adjusted.

Both events and initial claims were the highest for the month of May since 2003.

Additionally, Kansas saw its seasonally adjusted unemployment rate spike from 4 percent in April to 4.6 percent in May. That compares to the 4.2 percent rate in May 2007.

Seasonally adjusted rates mean Christmas and summer hiring spikes have been taken out.

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