March 24, 2008
In February 2008, employers took 1,672 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month. Each action involved at least 50 persons from a single employer; the number of workers involved totaled 177,374, on a seasonally adjusted basis.
The number of mass layoff events in February 2008 increased by 234 from the prior month, while the number of associated initial claims increased by 33,263.
February layoff events and associated initial claimants were the highest since September 2005 (which reflected the impact of Hurricane Katrina) and were the highest for the month of February since 2003.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs up in February on the Internet at http://www.bls.gov/opub/ted/2008/mar/wk4/art01.htm (visited December 01, 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.