Employers Took 1,643 Mass Layoff Actions In June
Wednesday morning, the Department of Labor released its report on mass layoffs in the month of June, showing that layoff events were the highest for the month of June since 2003.
The report showed that employers took 1,643 mass layoff actions in June, as measured by new filings for unemployment insurance benefits during the month.
The Labor Department said that each action involved at least 50 persons from a single employer, with the layoffs involving a total of 165,697 workers
While the number of mass layoff events in June increased by 17 from the previous month, the number of associated initial claims was 5,690 lower.
The report also said that employers in the manufacturing sector took 541 mass layoff actions, resulting in 76,514 initial jobless claims. The Labor Department said both measures were at their highest monthly levels since August of 2003.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
The report showed that employers took 1,643 mass layoff actions in June, as measured by new filings for unemployment insurance benefits during the month.
The Labor Department said that each action involved at least 50 persons from a single employer, with the layoffs involving a total of 165,697 workers
While the number of mass layoff events in June increased by 17 from the previous month, the number of associated initial claims was 5,690 lower.
The report also said that employers in the manufacturing sector took 541 mass layoff actions, resulting in 76,514 initial jobless claims. The Labor Department said both measures were at their highest monthly levels since August of 2003.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
Labels: mass layoffs, USA
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