(Ay Captain. -AM)
(Thank God so many unemployed are dropping a grand with the state to incorporate and begin their entrepreneurial dream so the BLS can add all their imaginary positions, per the Birth Death model, to August numbers or else this would spell trouble! -AM)
10:00 a.m. (EDT) Wednesday, September 23, 2009
Employers took 2,690 mass layoff actions in August that resulted in the separation of 259,307 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 August increased by 533 from the prior month, and the number of associated initial claims increased by 52,516.