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Extended mass layoffs by industry, second quarter 2008

August 18, 2008

Manufacturing industries accounted for 22 percent of private nonfarm extended layoff events and 19 percent of related separations in the second quarter of 2008. Manufacturing had 334 extended layoff events in the second quarter of 2008 and 56,212 separations.

Separations due to extended mass layoffs, selected industry sectors, second quarter 2008
[Chart data—TXT]

Professional and technical services accounted for 5 percent of events and 12 percent of separations in the second quarter of 2008. These job cuts were due largely to seasonal layoffs in the tax preparation industry.

Layoffs in transportation and warehousing accounted for 10 percent of all events and 12 percent of separations and were concentrated in school and employee bus transportation.

These data are from 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. Data for the second quarter of 2008 are preliminary and subject to revision. Additional information is available in "Extended Mass Layoffs in the Second Quarter of 2008," (PDF) (HTML) news release USDL 08-1146.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Extended mass layoffs by industry, second quarter 2008 on the Internet at http://www.bls.gov/opub/ted/2008/aug/wk3/art01.htm (visited October 25, 2014).

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