Bad News: Layoffs Continue

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This is from the BLS News Service (US Dept of Labor).  I added the bolding:


In May, employers took 2,933 mass layoff actions involving 312,880 workers. Mass layoff events and initial claims rose to their highest levels on record. Over the year, manufacturing layoff events and initial claims more than doubled. Thirty states reached program highs for May average weekly initial claims

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