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Asset Based Loan

1,316 Mass layoffs in September

1,316 Mass layoffs were reported by the United States Department of Labor in September 2012.   These mass layoffs resulted in a total of 122,462 total layoffs as measured by new filings for benefits for unemployment insurance.   The bureau reported that each mass layoff resulted in at least 50 employees that were terminated for any one given employer.

The Department of Labor reported further that there were 49 more mass layoffs events in September than in August of 2012.   In September, 366 mass layoff events were reported solely in the Manufacturing sector for the month which resulted in 39,748 initial unemployment claims.   13 of the 19 major industrial sectors reported an over the year decrease in initial unemployment claims.