Mass Layoffs: Six Things You Need to Know

mass-layoffs
mass-layoffs

The latest mass layoff numbers were just released by the U.S. government's Bureau of Labor Statistics, and believe it or not, they're actually somewhat positive. Now keep in mind that a mass layoff is defined by 50 or more workers being released from the same company. Still, the number of mass layoff events in May decreased by 444 from the prior month, and the number of associated with initial unemployment claims decreased by 65,081.

Here's the breakdown, and what it means to you: