Employers took 1,759 mass layoff actions in November involving 173,558 workers as measured by new filings for unemployment insurance benefits during the month. Mass layoff events increased by 399 from October, and the number of associated initial claims increased by 42,385. Mass layoff data for November reflect the impact of Hurricane Sandy on workers in New Jersey, New York, and Pennsylvania.
Choosen excerpts by Job Market Monitor from
Hurricane Sandy wiped out nearly 30,000 jobs in and around New York City last month, the New York State Labor Department said on Thursday. The impact of the storm on small businesses and larger companies whose offices could not reopen for weeks afterward left…
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