In January, 1,434 mass layoff actions affected 129,920 workers
MASS LAYOFFS -- JANUARY 2012 Employers took 1,434 mass layoff actions in January involving 129,920 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today. Each mass layoff involved at least 50 workers from a single employer. Mass layoff events in January increased by 50 from December, while the number of associated initial claims decreased by 15,728. In January, 341 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 33,597 initial claims. (See table 1.) The national unemployment rate was 8.3 percent in January, down from 8.5 percent the prior month and from 9.1 percent a year earlier. Total nonfarm payroll employment increased by 243,000 over the month and by 1,953,000 over the year. Industry Distribution (Not Seasonally Adjusted) The number of mass layoff events in January was 1,705, not seasonally adjusted, resulting in 141,703 initial claims for unemployment insurance. (See table 2.) Over the year, the number of average weekly mass layoff events decreased by 86 to 426, and associated average weekly initial claims decreased by 13,867 to 35,426. Sixteen of the 19 major industry sectors in the private economy reported over-the-year decreases in average weekly initial claims, with the largest decrease occurring in manufacturing. (See table 3.) The six-digit industry with the largest number of private nonfarm initial claims in January 2012 was temporary help services. (See table A.) ------------------------------------------------------------------------ | | | Changes to Mass Layoff Data | | | | Effective with this release, the Mass Layoff Statistics program | | updated the basis for industry classification from the 2007 North | | American Industry Classification System (NAICS) to the 2012 NAICS. The | | new conversion reflects definitional changes within the utilities, | | construction, manufacturing, wholesale trade, and retail trade | | sectors. Several industry titles and descriptions were also updated. | | For more information on the 2012 NAICS update, visit | | www.census.gov/epcd/www/naics.html. For more information on the | | implementation of NAICS 2012 in the Mass Layoff Statistics program, | | visit www.bls.gov/mls/mls2012naics.htm | | | ------------------------------------------------------------------------ In January the manufacturing sector accounted for 25 percent of mass layoff events and 28 percent of associated initial claims in the private economy. A year earlier, manufacturing made up 28 percent of events and 32 percent of initial claims. Within manufacturing, the numbers of mass layoff claimants in January 2012 were greatest in transportation equipment and food. Fifteen of the 21 manufacturing subsectors experienced over-the-year decreases in average weekly initial claims, with the largest decrease occurring in transportation equipment. Five subsectors recorded January series’ lows in terms of average weekly initial claims--beverage and tobacco products, textile product mills, wood products, fabricated metal products, and transportation equipment. (See table 3.) Table A. Six-digit NAICS industries with the largest number of mass layoff initial claims in January 2012, private nonfarm, not seasonally adjusted Industry January peak Initial Claims Year Initial claims Temporary help services (1) ............... 13,692 1998 26,224 School and employee bus transportation .... 8,165 2010 15,131 Discount department stores ................ 4,225 2010 8,065 Professional employer organizations (1) ... 3,157 2009 11,345 Highway, street, and bridge construction .. 2,889 2000 9,680 Hotels and motels, except casino hotels ... 2,537 2009 6,592 Supermarkets and other grocery stores ..... 2,515 2009 3,978 Department stores, except discount ........ 2,212 1998 5,600 Full-service restaurants .................. 1,905 2009 2,658 Motion picture and video production ....... 1,649 1998 12,038 1 See the Technical Note for more information on these industries. Geographic Distribution (Not Seasonally Adjusted) Among the census regions, the South registered the greatest number of initial claims in January. All four regions experienced over-the-year decreases in average weekly initial claims, with the largest decline occurring in the Midwest. (See table 4.) Among the states, California recorded the highest number of mass layoff initial claims in January, followed by New York, Pennsylvania, and North Carolina. Forty-one states and the District of Columbia experienced over- the-year declines in average weekly initial claims, led by California, Pennsylvania, and Michigan. (See table 4.) Note The monthly data series in this release cover mass layoffs of 50 or more workers beginning in a given month, regardless of the duration of the layoffs. For private nonfarm establishments, information on the length of the layoff is obtained later and issued in a quarterly release that reports on mass layoffs lasting more than 30 days (referred to as "extended mass layoffs"). The quarterly release provides more information on the industry classification and location of the establishment and on the demographics of the laid-off workers. The monthly data series in this release are subjected to average weekly analysis, which mitigates the effect of differing lengths of months. See the Technical Note for more detailed definitions and for a description of average weekly analysis. ____________ The Mass Layoffs news release for February 2012 is scheduled to be released on Friday, March 23, 2012, at 10:00 a.m. (EDT).
- Mass Layoffs Technical Note
- Table 1. Mass layoff events and initial claimants for unemployment insurance, February 2008 to January 2012, seasonally adjusted
- Table 2. Mass layoff events and initial claimants for unemployment insurance, February 2008 to January 2012, not seasonally adjusted
- Table 3. Industry distribution: Mass layoff events and initial claimants for unemployment insurance, not seasonally adjusted
- Table 4. Region and state distribution: Mass layoff events and initial claimants for unemployment insurance, not seasonally adjusted