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Courthouse News Service Courthouse News Service

Mass Layoffs Result in Job Loss for 218,000 Workers

In the third quarter 2008, 1,330 extended mass layoff events resulted in 218,158 separations. Among the reasons for layoffs, separations due to both slack work and bankruptcies nearly doubled over the year; layoffs due to business-ownership changes more than doubled. Construction recorded the highest third quarter activity in program history.

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