Published on OurFuture.org (http://www.ourfuture.org)
Mass Layoffs reach new heights
By Eric Lotke
Created 03/21/2008 - 9:46am

In February, 1,672 mass layoff [1]events resulted in 177,374 filings for unemployment insurance, seasonally adjusted. Both were the highest since 2003, and the highest in any month since September 2005 (reflecting the impact of Hurricane Katrina). Over the month, mass layoff events and initial claims rose 234 and 33,263, respectively.

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[1] http://www.bls.gov/news.release/pdf/mmls.pdf