Mass layoff events fell 8.5 percent to 32 events during the first four months of 2012 in Colorado. There were 35 mass layoff events during the same period last year. According to a new report released today by the U.S. Bureau of Labor Statistics, there were 12 mass layoff events during April 2012 alone, which was down 20 percent from the 15 events reported during April of last year. Comparing the first four months of each year, both total mass layoffs and first time unemployment have decreased each year since 2009.
Monthly mass layoff events grew rapidly after October 2008 in Colorado, andhave gradually declined since.
Nationally, mass layoff events decreased 18.8 percent from 1,750 during April 2011 to 1,421 during April of this year.
the year-to-date total for April, mass layoffs have now fallen three
years in a row after peaking at 71 mass layoffs during the first four
months of 2009. The second graph shows year-to-date totals for April
Mass layoffs were rare from 2004 through most of 2008.
the most recent mass layoffs data suggests that the employment
situation continues to stabilize. New layoffs continue to lessen, but as
we've seen in the most recent employment data for Colorado, job growth continues
to disappoint and total employment totals remain well below 2008's peak
New jobless claims
claims for unemployment insurance fell year over year in April by 19.9
percent to 1,401 in April 2012. There were 1,750 new claims during April of last year. New claims for unemployment insurance have also
gradually fallen since early 2010. Nationally, new claimants fell 22.9
percent during the same period.
As can be seen in the
third graph, during April new unemployment claims fell year over year in Colorado and nationally.March 2012 showed the largest year over year increase in new claims since late 2009, although the overall monthly trends show much variation in year-over-year changes and do not point to a strong downward trend.
year-to-date totals for new unemployment claims through April,
totals are down 5.6 percent year over year in Colorado. There were 3,600 new claims
during the first four months of 2012, compared to 3,816 new claims during
the same period last year. In the year-to-date total for April, new
claims for unemployment insurance have now fallen three years in a row
after peaking at 6,325 claims during the first four months of 2009. The
last graph shows year-to-date totals for April since 2002: