Thumbs Down: DOL reports large layoffs rose in August

In August, 1,587 mass layoff actions affected 165,547 workers

In August, employers took 1,587 mass layoff actions involving 165,547 workers. Mass layoff events rose by 8 from July, and associated initial claims rose by 20,547. The manufacturing sector reported 391 layoff events resulting in 48,997 initial claims.