Mass layoffs on the decline | Arkansas Blog

Wednesday, May 18, 2011

Mass layoffs on the decline

Posted By on Wed, May 18, 2011 at 1:51 PM

Talk Business reports on newly-released statistics from the Arkansas Department of Workforce Services and the Bureau of Labor Statistics that show the state is seeing fewer mass layoffs. It's a bit wonkish, but Roby Brock does a good job of running down the numbers.

Mass layoffs are defined when at least 50 initial unemployment insurance (UI) claims are filed against a particular business or company during a consecutive 5-week period.

Between 2005 and 2010, mass layoffs in Arkansas ranged from a low of 40 in 2006 to the 2009 high. The year 2008 was also an unusually high period with the number of mass layoffs hitting 116. In 2010, there were only 71 mass layoff events.

How's your economy doing?

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