• Connecticut Employers Conducted 16 Mass Layoffs in Q2

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Connecticut: Employers in the private nonfarm sector in our state initiated 16 mass layoff events in the second quarter of 2012 that resulted in the separation of 2,160 workers from their jobs for at least 31 days. This is up from seven layoffs and 762 separations in the first quarter. As compared to Q2 2011, total extended mass layoff events and associated worker separations were down from 27 and 5,202, respectively. Nationally: Employers in the private nonfarm sector initiated 1,476 mass layoff events in the second quarter of 2012 that resulted in the separation of 262,848 workers from their jobs for at least 31 days. Over the year, total extended mass layoff events and associated worker separations were down from 1,810 and 317,546, respectively. In 2012, U.S. total events reached their lowest second quarter level since 2007, while manufacturing sector events declined to their lowest level for any quarter in program history (with data available back to 1995). The completion of seasonal work accounted for 44 percent of the total extended mass layoff events during the quarter. SOURCE: USDOL-BLS