Wednesday, May 13, 2009

[From BLS] The latest Mass Layoffs news release

(<a target="_blank" href="http://www.bls.gov/news.release/pdf/mslo.pdf">http://www.bls.gov/news.release/pdf/mslo.pdf</a>) was issued today by the Bureau of Labor Statistics. Highlights are below.
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Employers initiated <b>3,489 mass layoff events in the first quarter of 2009</b> that resulted in the separation of 558,909 workers from their jobs, <b>the highest first quarter levels on record for the series</b>. Separations due to slack work/insufficient demand more than tripled over the year. Thirty-two states recorded first quarter program highs in the numbers of separations.
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