News release: ” Employers took 2,933 mass layoff actions in March that resulted in the separation of 299,388 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Each action involved at least 50 persons from a single employer. The number of mass layoff events in March increased by 164 from the prior month, while the number of associated initial claims increased by 3,911. Over the year, the number of mass layoff events increased by 1,348, and the number of associated initial claims increased by 137,891. In March, the manufacturing sector experienced 1,259 mass layoff events,
seasonally adjusted, resulting in 155,909 initial claims. Over the month, mass layoff events in manufacturing increased by 24, and initial claims increased by 3,291. Layoff events and initial claims rose to their highest levels on record, with data available back to 1995 [emphasis added]; events in the manufacturing sector also reached its highest level.”