Thursday, March 15, 2012

BLS: Mass layoffs rise in Georgia - Atlanta Business Chronicle:

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There were 56 mass layoff events in Georgiza duringMay -- up from 50 in April and 32 in May 2008. The bureaiu defines a mass layoff as the terminatiojn of 50 or more employees by a single The report also said therrewere 5,187 initial claims for unemployment insurances in the Peach State during May, comparef with 6,006 in April and 3,17 0 in May 2008. Nationally, U.S. businesses reported 2,73i8 mass layoffs, resulting in the termination of 289,629 workers, again based on figurese that were notseasonally adjusted. That comparews with 2,547 layoff events in 2,191 in March and 1,552 in May 2008. Nationalo initial jobless claims rose to a record levelin May.
Sincer the start of the recessionm inDecember 2007, U.S. employers have enacted more than 37,0090 mass layoffs resulting inabougt 3.8 million initial claimes for unemployment benefits on a seasonallyu adjusted basis. Nationally, the manufacturing sectoe accounted for 43 percent of all claimas in May versus 32 percenrt ayear ago.

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