Mass layoffs rises in US

Initial claims for unemployment insurance caused by mass layoff events — where 50 or more workers are laid off from a single workplace — rose in November from October despite fewer mass layoff actions, the U.S. Bureau of Labor Statistics reported today.

On a seasonally adjusted basis, 129,887 initial claims for unemployment insurance related to mass layoffs were filed in November. That’s up 9.4 percent, or 11,198, from October. On a year-over-year basis, however, initial claims due to mass layoffs fell 12.7 percent in November.

Meanwhile, the number of mass layoff events fell in November— by 22, to 1,331, a 1.6 percent drop from October. Year over year, there were 248 fewer mass layoff events, or a 15.7 percent drop.

The industry with the most initial claims due to mass layoff events was “Highway, street, and bridge construction,” with 9,355 claims, according to numbers that were not seasonally adjusted. The temporary help services industry was second, with 8,767 initial claims in November.

Source: Staffing Industry