In June, employers took 1,643 mass layoff actions, resulting in 165,697 unemployment insurance filings, seasonally adjusted. Layoff activity in manufacturing was the highest since August 2003. Average weekly initial claimants reached its highest June level since 2001.
I didn't know there was any manufacturing left in this country. Thought it had all gone offshore. Oh, well, they can all take service jobs as part of the happy process of creative destruction.
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