Thumbs Down: DOL reports number of layoffs drops in August, but number of unemployed rises

The latest Mass Layoffs news release
(http://www.bls.gov/news.release/pdf/mmls.pdf)
was issued today by the Bureau of Labor Statistics. Highlights are below.
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In August, 403 mass layoff events were reported in the
manufacturing sector, resulting in 46,540 initial claims.
Employers took 1,546 mass layoff actions involving 150,192
workers. Events decreased by 63 over the month, while associated
initial claims increased by 6,489.