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August 12, 2009
The U.S. Department of Labor said today that more than a half million workers were affected by mass layoff actions in the second quarter this year, a record high for the quarter since the data series began in 1995.
The data, which is subject to revision, said employers initiated 2,994 mass layoff events, separating 534,881 workers from their jobs for at least 31 days.
Mass layoffs are those that affect at least 50 persons at a work site. The number of mass layoff events also was a data series record for the quarter.
The labor department said separations "due to business demand reasons(especially slack work/insufficient demand)" set a second quarter program high.
The bright spot in the report: 38 percent of employers reporting an extended layoff in the second quarter said they anticipated some type of recall. But that was down from 51 percent a year earlier, and was the lowest proportion of anticipated recalls for a second quarter in the data series history.
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