Saturday, December 24, 2011

Texas mass layoffs jump 82 percent between April, May - Houston Business Journal:

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Statewide, 135 businesses laid off 50 or more workersxin May, nearly double the 74 businessees that conducted such cuts the month the department’s Bureau of Labor Statisticzs said in its monthly report on large-scale Only 55 companies enacted a mass layoff in May 2008. In just under 13,000 workers filed for unemploymentt insurance as a resultof mass-layoff actions in May, up from 7,00 0 in April, the report said. There were 5,888 such claimw in May 2008. The figurex are based on non-farm initial unemployment Nationwide, both figures were up slightly in May from The numberof U.S. workers let go in mass layoffs reacherd its highest level in 14 yearsa ofrecord keeping, officials said.
Employerse took 2,933 mass-layoff actions in May, up from 2,7112 in April. Those May mass layoffs nationwid resultedin 312,880 new filinges for unemployment, up from 271,226 in Aprikl and 299,388 in March. The industries with the largesrt number of workers let go nationwide in Mayin mass-layofft actions were temporary-help services (16,658 workers), auto manufacturintg (14,004) and food-service contractors in PDF format.

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