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BLS: In the fourth quarter 2010 – 1,910 mass layoffs affected 295,571 workers

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Extended Mass Layoffs – Fourth Quarter 2010 – Annual Totals 2010

  • “In the fourth quarter 2010, 1,910 extended mass layoff events resulted in 295,571 separations, both down from fourth quarter 2009. Sixty percent of employers expected to recall some laid-off workers, the highest fourth quarter percentage since 2005. Permanent worksite closures accounted for 6 percent of extended mass layoff events in the fourth quarter 2010, the lowest proportion of events due to closure in program history (with data available back to 1995). Manufacturing firms accounted for 19 percent of private nonfarm extended mass layoff events
    and 21 percent of separations, the lowest fourth quarter proportions in program history. Sixty percent of employers expected to recall at least some laid-off workers, the highest fourth quarter percentage since 2005 and up from 48 percent a year earlier. The national unemployment rate averaged 9.2 percent, not seasonally adjusted, in the fourth quarter 2010, down from 9.5 percent a year earlier. Private nonfarm payroll employment, not seasonally adjusted, increased by 0.8 percent (903,000) over the year.”
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