Hurricane Sandy’s Impact on Layoffs

On Friday the BLS reported the highest number of mass layoffs (seasonally adjusted) in over three years.  In November the number of workers filing first time unemployment claims because of a mass layoff was about 33% higher than the average number of new claims per month over the previous year.  The BLS reported seasonally unadjusted data by state which indicated that half of the 122,000 increase in new claims from November 2011 to November 2012 occurred in New York, New Jersey and Pennsylvania.  In year-over-year comparisons new jobless claims in November 2012 were:

  • 156% higher in Pennsylvania than one year ago
  • 345% higher in New York than one year ago
  • 710% higher in New Jersey than one year ago

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