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Mass layoffs continue to decline

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SoldAtTheTop / Paper Economy

(Read caption) The number of mass layoffs in the past decade (blue line) continues its steady decline from its 2009 heights. The orange area shows the percentage change from one year previous.

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The September release of the Bureau of Labor Statistics (BLS) Mass Layoff Report indicated a continued decline in large-scale layoffs with 1486 mass layoff events resulting in 133,379 initial unemployment claimants on a seasonally adjusted basis.–

The BLS considers a mass layoff event to be a condition where there are at least fifty initial claims for unemployment insurance originating from a single employer over a period of five consecutive weeks.

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