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Mass layoffs in May

June 27, 2003

Employers initiated 1,699 mass layoff actions in May 2003, 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 173,784.

Number of mass layoff events in May of each year, 1995-2003
[Chart data—TXT]

Employers initiated 1,699 mass layoff actions in May 2003, 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 173,784.

These data are from the Mass Layoff Statistics program. Mass layoffs data for May 2003 are preliminary and subject to revision. For more information, see news release USDL 03-331, "Mass Layoffs in May 2003" (PDF) (TXT).

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SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in May on the Internet at http://www.bls.gov/opub/ted/2003/jun/wk4/art05.htm (visited November 26, 2014).

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