16 May 2012

∙ U.S. and Connecticut Extended Mass Layoffs – Q1, 2012


U.S.Employers in the private nonfarm sector initiated 1,077 mass layoff events in the first quarter of 2012 that resulted in the separation of 182,101 workers from their jobs for at least 31 days.

Over the year, total extended mass layoff events and associated worker separations were down from 1,490 and 225,456, respectively. Total events reached their lowest first quarter levels since 2006, while manufacturing sector events and separations declined to their lowest levels in program history (with data available back to 1995.)

Connecticut endured seven mass layoffs in Q1, up from 6 the prior quarter and from 10 in A1 2011. There were 666 employees separated, down from 689 the previous quarter and down from 3,544 in the same quarter a year ago.

Source: USDOL-BLS


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