U.S. Bureau of Labor Statistics (02/23/12)
Employers took 1,434 mass layoff actions in January involving 129,920 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, reports the U.S. Bureau of Labor Statistics. Mass layoff events in January increased by 50 from December, while the number of associated initial claims decreased by 15,728.
The manufacturing sector accounted for 25% of mass layoff events in January. The temporary help services industry had 13,692 mass layoff initial claims for the month.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.