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Mass Layoff Claims Rise in March

April 24 2012

Initial claims for unemployment insurance caused by mass layoff events — where 50 or more workers are laid off from a single workplace — rose by 1.5 percent in March from February, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics.

There were 121,310 initial claims for unemployment insurance related to mass layoffs filed in March, up 1,847, or 1.5 percent from February. On a year-over-year basis, initial claims due to mass layoffs rose 5.1 percent in March.

Meanwhile, the number of mass layoff events fell in March by 20, to 1,273, a 1.5 percent decrease from February and 0.2 percent decrease year-over-year.

Temporary help services was the industry with the most initial claims due to mass layoff events in March with 11,732 claims, according to numbers that were not seasonally adjusted. The food service contractors industry was second with 9,629 initial claims in March.

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