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CCH® HR MANAGEMENT — 2/22/06

Mass layoffs increase in December

In December 2005, employers took 1,308 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported on January 25. Each action involved at least 50 persons from a single establishment, and the number of workers involved totaled 149,565. The number of layoff events in December rose by 103 from November, and the number of associated initial claims increased by 28,782. In the manufacturing sector, 365 mass layoff events were reported during December 2005, seasonally adjusted, resulting in 49,641 initial claims. Both figures were higher than a month earlier.

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