January 28, 2013
In 2012, the annual totals of mass layoff events, at 17,080, and of initial claims, at 1,666,931, declined to their lowest levels since 2007.
|Year||Layoff events||Initial claimants|
Eleven of the 19 major industry sectors in the private economy reported decreases in initial claims in 2012, led by administrative and waste services, manufacturing, and information. Total initial claims in the manufacturing sector declined to a series low of 448,687 in 2012.
The manufacturing sector accounted for 24 percent of all mass layoff events and 29 percent of initial claims filed in the private economy in 2012, down slightly from 2011 percentages. The number of manufacturing claimants in 2012 was highest in transportation equipment and in food. Total initial claims in 17 of the 21 manufacturing subsectors decreased in 2012 from 2011, with transportation equipment and wood products experiencing the largest declines.
These data are from the Mass Layoff Statistics program. To learn more, see "Mass Layoffs — December 2012; Annual Totals — 2012" (HTML) (PDF), news release USDL-13-0106. Each mass layoff action involved at least 50 persons from a single employer.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mass layoffs in 2012 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130128.htm (visited October 08, 2015).
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.