Layoff numbers decline in Colorado
The number and size of mass layoffs in Colorado dropped in August from the month before, the federal Bureau of Labor Statistics reported Tuesday.
Three companies cut jobs through mass layoffs, defined as the elimination of at least 50 jobs at a single site. That’s down from four in July.
The number of initial claims for unemployment insurance in Colorado fell to 258 from 343 during the same period.
Nationally, the number of mass layoffs reached a high of 1,772, and initial claims involved 173,955 people, with the manufacturing sector particularly hard hit. Of the four census regions, the West had the highest number of initial claims — 45,837 — because of mass layoffs in August. But most of those, or 41,149, were from the Pacific states in the West, instead of from Colorado and other mountain states.
Three companies cut jobs through mass layoffs, defined as the elimination of at least 50 jobs at a single site. That’s down from four in July.
The number of initial claims for unemployment insurance in Colorado fell to 258 from 343 during the same period.
Nationally, the number of mass layoffs reached a high of 1,772, and initial claims involved 173,955 people, with the manufacturing sector particularly hard hit. Of the four census regions, the West had the highest number of initial claims — 45,837 — because of mass layoffs in August. But most of those, or 41,149, were from the Pacific states in the West, instead of from Colorado and other mountain states.
Labels: Colorado, mass layoffs
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