January 2000 — 2000-03-24
In January 2000, there were 1,936 mass layoff actions by employers as measured by new filings for unemployment insurance benefits during the…
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In January 2000, there were 1,936 mass layoff actions by employers as measured by new filings for unemployment insurance benefits during the month, according to data from the U.S. Department of Labor's Bureau of Labor Statistics. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 223,784. Both the number of layoff events and the number of initial claimants for unemployment insurance were lower than in January of the previous two years. (See table 1.) 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. 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") and provides more information on the industry classification and location of the establishment and on the demographics of the laid-off workers.
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