Wednesday, November 23, 2011

Ohio's mass job cuts more than double in May - Business First of Columbus:

ermolayxitpev.blogspot.com
The bureau’s report shows 145 companies cut 50 or more worker s in Ohioin May. That’s more than double the 67 mass cutback recorded ayear ago. Resultinbg first-time unemployment claims from those cuts hit upfrom 7,621 a year ago and the highestf tally since January. Ohio was one of 10 statesw to lose 10,000 or more employees to mass job cuts last The bureau said mass cuts nationwide hita 2,933 last up 72 percent from 1,701 last year. Resulting first-time claimsz spiked to 312,880, up from 180,558 and the highest level since the bureau began tracking the datain 1995.
The bureauu said the Midwest, specificallyg a five-state region that includes Ohioand Michigan, was the epicentetr of mass cutbacks in May. Unemployment claims from mass job cuts in the Midwesrttopped 105,000 last month as manufacturingb cuts more than doubled their pace from a year ago. The bureaui expects to release data for June onJuly 23.

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