In nonrecessionary times, nearly a tenth of all initial unemployment insurance claims result from mass layoffs. A mass layoff, in which a single plant lays off at least 50 workers for more than 30 days, puts considerable pressure on a community's social services. because the last quarter of 1995 was characterized by an expanding economy throughout most of the country, it offers an opportunity to study the features of mass layoffs during a nonrecessionary period.
Suggested citation: “Regional Conditions,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-08, pp. 14-15, 08.01.1996.