Thursday, May 22, 2008

Fewer Mass Layoffs

U.S. employers took 1,308 mass layoff actions in April -- 263 fewer than in March -- seasonally adjusted, the Labor Department reported Thursday. Industries most involved include:

  • Temporary help services
  • School and employee bus transportation
  • Automobile manufacturing
  • Food-service contracting
  • Tax-preparation services.

Meanwhile, for the week ending May 17, initial unemployment claims dropped by 9,000 to 365,000 on a seasonally adjusted basis, according to a separate announcement from the Labor Department.

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