Good News: Mass Layoffs Are Also Falling

The Bureau of Labor Statistics defines a "mass layoff event," as one where 50 or more workers are separated from their jobs.For 2011, the BLS registered 6,331 such events, a 12.6% decrease from 2010 and 46% fewer than in 2009. Just 53,843 U.S. manufacturing workers were laid off en-masse last quarter, the fewest ever for the sector, the Bureau of Labor Statistics reported today. Accommodation and food service workers experienced the greatest year-over-year relief, with just 95 mass layoff events occurring in Q4 2011 compared with 161 in Q4 2010. The transportation and warehousing industries also saw improvements, with just 31 events occurring in Q4 2011 compared with 52 for the same period 12 months earlier. Please follow Money Game on Twitter and Facebook.Join the conversation about this story »See Also:ALBERT EDWARDS: Alan Greenspan And Meryvn King Should Also Be Stripped Of Their KnighthoodsSocGen: China's Labor Problems Are About To Get A Lot WorseWholesale Inventories Top Forecasts, Gain 1% On Sales Growth

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