Mass Layoffs Rise More Than 50 Percent in January
The number of mass layoffs totaled 2,227 last month, a 50.9 percent increase compared with a year earlier.
Initial unemployment claims associated with the mass layoffs rose 59.6 percent year-over-year in January to 237,902.
A mass layoff action involves at least 50 workers from a single workplace.
Temporary help services was the industry with the highest number of initial claims for unemployment stemming from mass layoffs (not seasonally adjusted) at 25,467 claims, according to the BLS.
The South was the region with the most initial claims (not seasonally adjusted) from mass layoffs at 115,630.
Workforce Management's online news feed is now available via Twitter