The seasonally adjusted Mass Layoff Statistics for Ohio showed increases from May to June in both the number of mass layoffs and the number of initial unemployment compensation claims filed. However, both were lower in June than they were at the same time last year. (According to the Bureau of Labor Statistics, a mass layoff event occurs when at least 50 initial unemployment compensation claims are filed against an establishment within a five-week period.) Since the end of the last recession, both mass layoffs and initial claims have trended downward.
Suggested citation: "Ohio Employment," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-09, pp. 15, 09.01.2004.