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U.S. May mass layoffs jump tie record: Labor Dept
2009-06-23
WASHINGTON (Reuters) - The number of mass layoffs by U.S. employers rose last month to tie a record set in March, according to government data released on Tuesday that suggested the labor market has yet to stabilize. The Labor Department said the number of mass layoff actions -- defined as job cuts involving at least 50 people from a single employer -- increased to 2,933 in May from 2,712 in April, resulting in the loss of 312,880 jobs. It was the largest loss of jobs connected to mass layoffs on records dating to 1995. While signs have emerged suggesting the 18-month-old U.S. recession has begun to ease, the labor market continues to deteriorate. The U.S. unemployment rate hit 9.4 percent in May, the highest in nearly 26 years, and economists expect a report on July 2 to show it climbed further to 9.6 percent this month. The economy has lost six million jobs since the recession began in December 2007. Economists polled by Reuters expect the economy shed a further 368,000 jobs in June. (Editing by James Dalgleish)
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 New $100 billion safety net for jobless in works (2009-12-01) | | Weekly jobless claims drop below 500,000 (2009-11-25) | | Electronic Arts to cut 1,500 jobs (2009-11-09) | | Jobless rate tops 10 pct. for first time since '83 (2009-11-06) | | Obama: Hiring last to come as economy rebounds (2009-11-02) | | US Airways, American Airlines cut 1,700 jobs (2009-10-28) | | US new jobless claims up again (2009-10-22) | | Obama looking at all options for creating jobs (2009-10-18) | | New jobless claims fall to 521K, lowest since Jan. (2009-10-08) | | Jobless claims hit 9-month low, retail sales rise (2009-10-08) | | Even as layoffs persist, some good jobs go begging (2009-10-04) | | U.S. jobless rate hits 26-year high of 9.8 percent (2009-10-03) | | US jobs picture may worsen in coming months: Obama (2009-09-20) | | New jobless claims drop unexpectedly to 545K (2009-09-17) | | For the jobless, Labor Day is hardly a holiday (2009-09-05) | | 10 Least Competitive Job Markets (2009-08-18) | | Lockheed Martin aerospace division to cut 800 jobs (2009-08-17) | | Jobless NYC woman sues college for $70K in tuition (2009-08-03) | | More Job Seekers Are Relocating For Work (2009-07-27) | | The End of Unemployment Benefits: 5 Things to Know (2009-07-27) | | New jobless claims rise to 554K, total rolls fall (2009-07-23) | | Identity Thieves Target Job Seekers (2009-07-15) | | Crisis spurs people to work for free - good or bad? (2009-07-13) | | Jobless claims drop, data skewed by auto jobs (2009-07-09) | | 565K new jobless claims, lowest level since Jan. (2009-07-09) |
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