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Another Frightening Chart


Click for a larger version. Mathew Katz hide caption

toggle caption Mathew Katz

The Bureau of Labor Statistics just released what could possibly be its most depressing study: the Mass Layoffs Summary. According to the study, the number of mass layoffs by American employers jumped back up to record high set in March. In May, 2,933 employers had mass layoffs, resulting in 312,880 workers losing their jobs. A mass layoff is defined by the BLS as one that involves at least 50 people. The above chart tracks individual workers who lost their job in a mass layoff, sorted by the hardest-hit industries.



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