The latest release of the Bureau of Labor Statistics (BLS) Mass Layoff Report indicated a continued trend down of large-scale layoffs with 1628 mass layoff events resulting in 150,864 initial unemployment claimants on a seasonally adjusted basis.On a seasonally unadjusted basis, the mass layoff events totaled 1197 with 111,727 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.
