US Layoffs — February 1998

The US labor market showed signs of rising strain as employers reported 34 WARN Act notices in February 1998, displacing an estimated 6,534 workers — signaling an acceleration from January and up 365% versus February 1997. Filings came from 2 states and territories, with an average of 192 workers per notice.

34
Total Notices
6,534
Workers Affected
2
States Reporting
192
Avg per Notice
0
Closures

Top States by Workers Affected

StateNoticesWorkers
Florida194,082
Ohio152,452

Florida led the nation with 4,082 workers affected across 19 notices , followed by Ohio (2,452 workers) .

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance1912
Manufacturing2250
Healthcare1215
Information & Technology1135
Construction164
Retail114

The Finance & Insurance sector topped the list of affected industries with 912 workers across 1 notice. Notably, Manufacturing reported 250 workers.

Layoff Type Analysis

Layoff type data was not available for filings this month.

Largest Layoffs

CompanyLocationWorkersType
Pan American CorpMiami, Florida1,200
Nations BankJacksonville, Florida912
Doehler-JarvisToledo, Ohio690
Greenwich Air ServicesMiami, Florida550
CompuServeColumbus, Ohio490
American National CanMt. Vernon, Ohio230
Kendall Healthcare FacilityOcala, Florida215
J.C. PenneyColumbus, Ohio210
Russell CorporationMilton, Florida200
Ramad Resort DeauvilleMiami Beach, Florida200

The most significant filing came from Pan American Corp in Miami, Florida, reporting 1,200 affected workers. Nations Bank followed with 912 workers.

Trend & Outlook

This marks the third consecutive month of rising layoff activity.

The numbers illustrate mounting pressure on the the nation labor market, with activity running above both recent and year-ago benchmarks. The Finance & Insurance sector warrants close attention heading into the next period.

This report covers all WARN Act filings with notice dates in February 1998. The Worker Adjustment and Retraining Notification Act requires employers with 100+ employees to provide 60-day advance notice of mass layoffs and plant closings. Data is sourced from official state filings and updated daily by WARN Firehose. Download the full dataset or explore state-by-state data.

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