Today, the Bureau of Labor Statistics (BLS) released their latest installment of the Mass Layoff Report showing a continued trend down of large-scale layoffs with 1570 mass layoff events resulting in 155,718 initial unemployment claimants on a seasonally adjusted basis.On a seasonally unadjusted basis, the mass layoff events totaled 1183 with 102,818 initial claimants.
The BLS considers a mass layoff event to be a condition where there are at least fifty initial claims for unemployment insurance originating from a single employer over a period of five consecutive weeks.
