none
none

Fewer lay-offs in US manufacturing sector

26-10-2010
by 
in 

The number of mass layoffs by US employers fell for a third straight month in September as the manufacturing sector laid off fewer workers, according to a US Government report.

The Labor Department said the number of mass layoff actions – defined as job cuts involving at least 50 people from a single employer – decreased by 60 to 1486 – the lowest level since May this year. A total of 133,379 workers were affected.

In September, 345 mass layoff events were reported in manufacturing – down 58 from the previous month.

Private sector mass layoffs fell by 70 to 1289 in September, affecting 115,598 workers.

The labor market is struggling to gain traction as economic growth remains subdued. While private payrolls have grown every month since January, the pace of job creation has been too anemic to make any impact on a 9.6 per cent unemployment rate.

The US Federal Reserve has singled out high unemployment as one area of concern and officials at the US central Bank have signaled their readiness to ease monetary policy again at the November 2-3 meeting, to drive borrowing costs down further and stimulate spending.

Related news & editorials

  1. Martin Chappell
    03.11.2017
    03.11.2017
    by      In
    With Australia’s manufacturing industry strengthening, leaders and heads of IT are weighing up which new technologies they should implement to gain a competitive edge. Martin Chappell from Motorola Solutions explains how a simpler and more focused use of data can be the best approach.
    Australia’s... Read More
  2. Sahara Force India F1
    29.08.2017
    29.08.2017
    by      In
    The pace of Formula One (F1) development is rivalled only by the speeds achieved on the racetrack. Each time the Sahara Force India F1 Team brings its car to a circuit, it represents the team’s top engineering; every time the team leaves, the car is just a baseline. Between races it must be... Read More
  3. capacitor reforming
    12.07.2017
    12.07.2017
    by      In
    The latest productivity enhancing service from Konecranes addresses the problem of keeping spare motor drives in shape so they can be relied on to enter service if required. The company’s new variable frequency drive capacitor reforming service uses a proprietary DC power source to reform stored... Read More
  4. 27.06.2017
    27.06.2017
    by      In
    The most heralded benefit of the fourth industrial revolution (or Industry 4.0) is the availability of increasing volumes of data concerning the performance of manufacturing operations (so-called “big data”). These data range from the enterprise level, to the plant level, and down to the individual... Read More