Hawaii reports 3 mass layoffs in January
Pacific Business News (Honolulu)
Hawaii had three mass layoffs in January, which resulted in the firing of 217 jobs for at least 31 days, according to the U.S. Department of Labor on Wednesday.
The losses were down from December 2007 when there were 12 mass layoffs and 1,161 separations.
A mass layoff is when there are 50 or more initial claims for unemployment insurance benefits from one employer during a five-week period, with at least 50 workers separated for more than 30 days.
Nationwide, there were 1,438 mass layoffs in January that resulted in the separation of 144,111 workers from their jobs for at least 31 days, seasonally adjusted.
Seasonal adjustment is the process of estimating and removing the effect on time series data of regularly recurring seasonal events such as changes in the weather, holidays and the beginning and ending of the school year.
The manufacturing industry accounted for 30 percent of all mass layoff events in January.
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