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Mass Layoffs Fall in December After Spike

January 25 2013

Seasonally adjusted mass layoffs and associated initial claims fell in December after a spike in November, according to data released today by the U.S. Bureau of Labor Statistics.

Mass layoff events and claims had trended upward since August. Mass layoffs reached 1,749 in November, up 24.9 percent from October before falling 13.7 percent in December to 1,509.

Initial claims for mass layoffs rose 27.0 percent in November from October, but fell 20.3 percent to 137,839 in December.

The seasonally adjusted numbers for 2012 released today by the BLS were revised to update seasonal adjustment factors.

“Food service contractors” was the industry with the most initial claims due to mass layoff events in December with 16,517 initial claims, according to numbers that were not seasonally adjusted. “School and employee bus transportation” was second with 15,909 and “temporary help services” followed with 12,609 initial claims.

Click on charts below to enlarge.

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