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Mass Layoffs Summary

layoffs

 

Prayer Request: I seriously need financial blessing!  I have been working thru Temp. Agencies-this has been for five years now! No one is hiring permanent and my family is in need of financial help–I’m tired, frustrated and just don’t have the will to go on!  I just can’t fight anymore! It’s always financial…then I think of the families in Connecticut/school shootings/I see how small my issues are to the pain those families are going thru……at same time I don’t want to be without a roof over my head….Lord please help us……..in Jesus name..Amen

Bureau of Labor Statistics

The latest Mass Layoffs (Monthly) news release has been posted on the BLS website athttp://www.bls.gov/news.release/pdf/mmls.pdf and also archived athttp://www.bls.gov/news.release/archives/mmls_12212012.pdf. Highlights are below.

In November, 1,759 mass layoff actions affected 173,558 workers

12/21/2012
In November, employers took 1,759 mass layoff actions involving 173,558 workers. Mass layoff events increased by 399 from October, and associated initial claims increased by 42,385.

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Mass Layoffs Summary

For release 10:00 a.m. (EST) Friday, December 21, 2012                        USDL-12-2461

Technical information:  (202) 691-6392  *  mlsinfo@bls.gov  *  www.bls.gov/mls
Media contact:          (202) 691-5902  *  PressOffice@bls.gov

                             MASS LAYOFFS -- NOVEMBER 2012

Employers took 1,759 mass layoff actions in November involving 173,558 workers as
measured by new filings for unemployment insurance benefits during the month, the U.S.
Bureau of Labor Statistics reported today. (Data are seasonally adjusted.) Each mass
layoff involved at least 50 workers from a single employer. Mass layoff events increased
by 399 from October, and the number of associated initial claims increased by 42,385.
Mass layoff data for November reflect the impact of Hurricane Sandy on workers in
New Jersey, New York, and Pennsylvania. In November, 413 mass layoff events were reported
in the manufacturing sector resulting in 49,169 initial claims. Monthly mass layoff data
are identified using administrative data sources without regard to layoff duration. (See
table 1 and the note at the end of this release.)

    ---------------------------------------------------------------------------------
   |                                                                                 |
   |                                  Hurricane Sandy                                |
   |                                                                                 |
   |Hurricane Sandy made landfall on the Northeast coast on October 29th, causing    |
   |severe damage in some states. Data for November are the first from the Mass      |
   |Layoffs Statistics (MLS) program to reflect mass layoffs associated with the     |
   |storm. Additional information on the storm's impact on MLS data will be available|
   |in the Extended Mass Layoffs news release for the Fourth Quarter 2012, scheduled |
   |to be released on Thursday, February 14, 2013.                                   |
   |                                                                                 |
    ---------------------------------------------------------------------------------

The national unemployment rate was 7.7 percent in November, down from 7.9 percent the prior
month and from 8.7 percent a year earlier. Total nonfarm payroll employment increased by
146,000 over the month and by 1,889,000 over the year.

Industry Distribution (Not Seasonally Adjusted)

The number of mass layoff events in November was 2,339, not seasonally adjusted, resulting
in 249,949 initial claims for unemployment insurance. (See table 2.) Over the year, the
number of average weekly mass layoff events for November increased by 120 to 468, and
associated average weekly initial claims increased by 18,052 to 49,990. Sixteen of the 19
major industry sectors in the private economy reported over-the-year increases in average
weekly initial claims, with the largest increase occurring in manufacturing. (See table 3.)
Five of the 19 sectors reached a November program high in terms of both average weekly
layoff events and initial claims: mining; transportation and warehousing; educational
services; health care and social assistance; and accommodation and food services. The
six-digit industry with the largest number of private nonfarm initial claims due to mass
layoffs was highway, street, and bridge construction. (See table A.)

In November, the manufacturing sector accounted for 25 percent of mass layoff events and
30 percent of associated initial claims in the private economy. Within manufacturing, the
numbers of mass layoff claimants were highest in food and in machinery. Fifteen of the 21
manufacturing subsectors experienced over-the-year increases in average weekly initial
claims. (See table 3.)

Table A. Six-digit NAICS industries with the largest number of mass layoff initial claims
in November 2012, private nonfarm, not seasonally adjusted

                 Industry                                              November peak
                                                  Initial Claims     Year  Initial claims

Highway, street, and bridge construction ..           15,458         2012      15,458
Temporary help services (1) ...............           14,456         2000      19,023
School and employee bus transportation ....           13,998         2012      13,998
Casino hotels .............................           11,901         2012      11,901
Food service contractors ..................           11,200         2012      11,200
Commercial bakeries .......................            8,562         2012       8,562
Construction machinery manufacturing ......            4,620         2012       4,620
Professional employer organizations (1) ...            3,165         2008       5,873
Motion picture and video production .......            2,908         2000       8,664
Landscaping services ......................            2,865         2012       2,865

   1 See the Technical Note for more information on these industries.

Geographic Distribution (Not Seasonally Adjusted)

Among the census regions, the Northeast, where Hurricane Sandy had the greatest impact,
registered the largest number of initial claims due to mass layoffs in November. All four
regions experienced over-the-year increases in average weekly initial claims, with the
Northeast increasing to 16,898, a program high for that area for any month. (See table 4.)

Among the states, California recorded the highest number of mass layoff initial claims in 
November, followed by New Jersey, New York, and Pennsylvania. Thirty-seven states experienced
over-the-year increases in average weekly initial claims, led by New Jersey and New York.
Four states reached a November program high in terms of both average weekly layoff events
and initial claims: Alaska, Maine, New Jersey, and New York. (See table 4.)

Note

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. For private nonfarm establishments,
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").
The quarterly release provides more information on the industry classification and location of
the establishment and on the demographics of the laid-off workers. The monthly data series in
this release are subjected to average weekly analysis, which mitigates the effect of differing
lengths of months. See the Technical Note for more detailed definitions and for a description
of average weekly analysis.

____________
The Mass Layoffs news release for December 2012 and Annual Totals for 2012 is scheduled to be
released on Friday, January 25, 2013, at 10:00 a.m. (EST).

    ----------------------------------------------------------------------------------
   |                                                                                  |
   |                   Revision of Seasonally Adjusted Mass Layoff Data               |
   |                                                                                  |
   |In accordance with usual practice, the release of mass layoff data for December   |
   |2012, scheduled for January 25, 2013, will incorporate annual updating of seasonal|
   |adjustment factors. Seasonally adjusted estimates back to January 2008 are subject|
   |to revision.                                                                      |
   |                                                                                  |
    ----------------------------------------------------------------------------------

The PDF version of the news release

Table of Contents

Last Modified Date: December 21, 2012

 

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Revelation 19:16 On his robe and on his thigh he has this name written: KING OF KINGS AND LORD OF LORDS. This blog is to present Up To Date Prophetic News. My prayer is that this blog will bring others to know Jesus as their Savior if they do not know him the King of Kings and Lord of Lords.

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Posted in 2012, AMERICA, Income, LABOR, Outsourcing, world economy, WORLDNEWS
2 comments on “Mass Layoffs Summary
  1. This is one problem that is grossly understated and largely ignored by the media. The half of Americans that truly want to work are the ones hurting. And we do need to keep this in our prayers. I can’t believe that this wasn’t addressed more in the presidential campaign. God Bless.

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