BLS: Layoffs in the manufacturing sector declined in May to their lowest levels in program history

Employers took 1,412 mass layoff actions in May that resulted in the separation of 135,789 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today. Each action involved at least 50 persons from a single employer. The number of mass layoff events in May decreased by 444 from the previous month, and the number of associated initial claims decreased by 65,081. In May, 266 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 22,577 initial claims. Both figures declined over the month to their lowest levels in program history.

The complete report can be found here.