September 04, 2002
Of the 8,352 extended mass layoff events in 2001, 15 percent resulted in permanent closure of the worksite. A total of 379,790 workers were affected by these permanent worksite closures.
Compared with the experience in 2000, layoff events in which the worksite closed increased by 61 percent, and the number of workers involved more than doubled.
Manufacturing accounted for 52 percent of permanent closures in 2001. These closures occurred mostly in computer and electronic products manufacturing, apparel, and primary metals manufacturing. Retail trade accounted for 15 percent of closures, largely in general merchandise stores and in building materials and garden supply stores.
These data are a product of the Mass Layoff Statistics program. "Extended mass layoffs" last more than 30 days and involve 50 or more individuals from a single establishment filing initial claims for unemployment insurance during a consecutive 5-week period. Additional information is available in "Extended Mass Layoffs in 2001" (PDF 262K), BLS Report 963.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Permanent worksite closures in 2001 on the Internet at http://www.bls.gov/opub/ted/2002/sept/wk1/art02.htm (visited November 28, 2015).
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.