The first graph shows that monthly mass layoff events grew rapidly after November 2008 in Colorado, and have gradually declined since.
Nationally, mass layoff events increased 67.9 percent from 1,393 during November 2011 to 2,339 during November of this year.
In the year-to-date total for November in Colorado, mass layoffs have now fallen three years in a row after peaking at 164 mass layoffs during the first eleven months of 2009. The second graph shows year-to-date totals for November since 2002:
Mass layoffs were rare from 2004 through most of 2008.
Overall, 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 totals.
New jobless claims
New claims for unemployment insurance in Colorado fell year over year by 26.9 percent to 992 during November 2012. There were 1358 new claims during November of last year. Nationally, new claims for unemployment insurance were up year over year, rising by 95.6 percent from November 2011 to November 2012. The third graph shows no obvious trend in recent months, however.
Initial claimant. A person who files any notice of unemployment to initiate a request either for a determination of entitlement to and eligibility for compensation, or for a subsequent period of unemployment within a benefit year or period of eligibility.
Mass layoff event. Fifty or more initial claims for unemployment insurance benefits filed against an employer during a 5-week period, regardless of duration.