Mass Layoffs In June 2005 — 2005-07-26

In June 2005, employers took 1,175 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 127,887, on a seasonally adjusted basis. (See table 1.) The number of layoff events fell by 21 from May, and the number of associated initial claims decreased by 884. In the manufacturing sector, 347 mass layoff events were reported during June 2005, seasonally adjusted, resulting in 55,820 initial claims. The number of mass layoff events was somewhat lower than a month earlier, while the number of initial claims was higher. (See table 1.) From January through June 2005, the total number of events (seasonally adjusted), at 7,424, and initial claims (seasonally adjusted), at 793,017, were lower than in January-June 2004 (8,018 and 819,644, respectively).