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Economy in Brief

U.S. Mass Layoffs Stabilize
by Tom Moeller  July 22, 2011

Mass layoffs in the U.S. during June fell and reversed the May increase. The Labor Department reported this morning that layoffs of 50 or more persons from a single firm fell 4.2% in June versus May following that month's 2.2% increase. Nevertheless, the latest seasonally adjusted level of 1,532 remained up from last year's low.

The monthly downturn was led by construction, retail trade, finance & insurance, professional scientific & technical services and accommodation & food services. A mass layoff involves at least 50 initial claimants from a single establishment filing during a consecutive 5-week period. The BLS data are available in Haver's USECON database. Underlying state and area detail are available in the REGIONAL database.

Mass Layoffs Jun May Apr 2010 2009 2008
Total (SA) 1,532 1,599 1,564 19,350 28,236 21,689
Total (Y/Y) -11.4% -4.0% -6.6% -31.5% 30.2% 42.1%
 Private Nonfarm -10.4 0.0 -6.5 -34.6 29.8 43.5
  Construction -30.6 -13.8 -1.2 -20.2 18.4 22.6
  Manufacturing 6.6 25.0 -6.4 -53.0 40.1 48.0
  Retail Trade -23.4 -10.7 -5.8 -19.9 34.9 39.0
  Information 0.0 -12.2 -16.0 -27.1 38.0 42.3
  Finance & Insurance -53.8 4.3 -34.4 -36.5 22.6 8.2
  Health Care & Social Assistance 1.7 21.4 -20.7 5.0 16.4 28.9
  Arts, Entertainment and Recreation 3.4 -25.0 -21.1 -6.7 25.1 29.6
 Government -18.1 -21.0 -17.7 5.3 58.2 29.3
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