9:43 a.m.
Friday, 21 July 2017

In March, 1,337 mass layoff actions affected 127,939 workers

San Diego, California.- Employers took 1,337 mass layoff actions in March involving 127,939 workers as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today.

(Data are seasonally adjusted.) Each mass layoff involved at least 50 workers from a single employer. Mass layoff events decreased by 85 from February, and the number of associated initial claims decreased by 7,529.

In March, 311 mass layoff events were reported in the manufacturing sector resulting in 36,696 initial claims. Monthly mass layoff data are identified using administrative data sources without regard to layoff duration.

The national unemployment rate was 7.6 percent in March, essentially unchanged from the prior month and down from 8.2 percent a year earlier. Total nonfarm payroll employment increased by 88,000 over the month and by 1,910,000 over the year.

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