Labor Department: Colorado ‘mass layoffs’ jump in September

[Omaha Steve]

http://denver.bizjournals.com/denver/stories/2009/10/19/daily78.html

Thursday, October 22, 2009, 5:25pm MDT

Denver Business Journal

The number of Colorado businesses that laid off 50 or more employees at a time jumped in September after reaching an 11-month low in August, the U.S. Department of Labor reported Thursday.

There were 14 “mass layoffs” at Colorado companies in September, up from five in August, the Labor Department’s Bureau of Labor Statistics said in its monthly report on large-scale layoffs.

BLS said that 1,036 Colorado workers filed for unemployment insurance as a result of mass layoffs in September, up from 374 in August.

The report comes on the heels of Wednesday’s news that Colorado’s unemployment rate stood at 7.0 in September, the lowest rate since January, according to the Colorado Department of Labor and Employment.

FULL story at link.

[Craftsman]

1. I expect to see more of these soon

In fact a little vulture told me that a major telco firm is paling what is being called by insiders as the Mother Of All Layoffs.