Mass layoffs increase in New York
Mass layoffs spiked higher in New York in May, mirroring the national trend. Ninety-five state employers were included in the latest U.S. Bureau of Labor Statistics report.
A mass layoff is defined as one that results in at least 50 workers losing their jobs, either temporarily or permanently. A total of 9,613 workers were laid off by the 95 New York companies cited in the federal report.
Both figures were substantially higher than the corresponding numbers from a year ago. New York had 29 mass layoffs affecting 2,358 workers in May 2007.
National layoff figures were also sharply higher, rising from 923 mass layoffs a year ago to 1,552 this May -- and from 85,816 affected workers to 159,471.
Only California (382) and Florida (125) topped New York's number of employers with mass layoffs last month. And only California (34,085) had more affected workers.
A mass layoff is defined as one that results in at least 50 workers losing their jobs, either temporarily or permanently. A total of 9,613 workers were laid off by the 95 New York companies cited in the federal report.
Both figures were substantially higher than the corresponding numbers from a year ago. New York had 29 mass layoffs affecting 2,358 workers in May 2007.
National layoff figures were also sharply higher, rising from 923 mass layoffs a year ago to 1,552 this May -- and from 85,816 affected workers to 159,471.
Only California (382) and Florida (125) topped New York's number of employers with mass layoffs last month. And only California (34,085) had more affected workers.
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