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Economy in Brief
U.S. Mortgage Applications Continue to Weaken
The MBA Loan Applications Index fell 1.2% (-54.5% y/y) in the week ended May 20...
German Climate Reading Continues to Skid Toward the Abyss
Germany's GfK consumer climate reading improved ever so slightly in June...
U.S. New Home Sales Plunge in April as Prices Jump
The new home sales market is unraveling...
U.S. Energy Prices Rise Further
Retail gasoline prices increased to $4.59 per gallon in the week ended May 23...
S&P Flash PMIs Are Mixed in May As Manufacturing Erodes Slowly
Among the early reporting countries in Europe and Japan, the S&P PMI readings for May tilt toward weakness...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
State Coincident Indexes in April 2022
State Labor Markets in April 2022
Profits & Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
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 |
