9:50 a.m.
Friday, 21 July 2017

Mass layoff events in July increased

Los Angeles, California.- Employers took 1,340 mass layoff actions in July involving 137,420 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today.

Each mass layoff involved at least 50 workers from a single employer. Mass layoff events in July increased by 23 from June, and the number of associated initial claims increased by 6,014. Year-to-date mass layoff events (9,425) and initial claims (905,310) both recorded their lowest figures for a January-July period since 2007.

In July, 364 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 44,920 initial claims. Mass layoff data are identified using administrative data sources without regard to layoff duration.

The national unemployment rate was 8.3 percent in July, essentially unchanged from theprior month but down from 9.1 percent a year earlier. Total nonfarm payroll employment increased by 163,000 over the month and by 1,838,000 over the year.

Among the census regions, the South registered the largest number of initial claims in July. Two of the 4 regions experienced over-the-year decreases in average weekly initial claims, with the largest decrease occurring in the West.

Among the states, California recorded the highest number of mass layoff initial claims in July, followed by Michigan and New York. Thirty states experienced over-the-year decreases in average weekly initial claims, led by California, Minnesota, and Florida.

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