Mass Layoffs (Monthly) News Release — 2008-09-23

In August, employers took 1,772 mass layoff actions, seasonally ad- justed, 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 employer; the number of workers involved totaled 173,955, on a seasonally adjusted basis. Layoff events reached a program high for the month of August (with data available back to 1995), and associated initial claimants reached its highest level for the month since 2001. The number of mass layoff events this August increased by 260 from the prior month, while the number of associated initial claims rose by 22,784. In August, 599 mass layoff events were reported in the manufacturing sector, season- ally adjusted, resulting in 72,244 initial claims. Over the month, mass layoff events in manufacturing increased by 156, and initial claims in- creased by 14,774.