December 26, 2002
Employers initiated 2,150 mass layoff actions in November 2002, as measured by new filings for unemployment insurance benefits during the month. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 240,028.
In November 2001, there were 2,721 mass layoff events involving 295,956 workers. In January through November 2002, both the total number of events, 17,799, and initial claims, 1,980,856, were lower than in January-November 2001 (19,027 and 2,245,969, respectively).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs down in November from a year ago on the Internet at http://www.bls.gov/opub/ted/2002/dec/wk4/art03.htm (visited November 22, 2014).
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