US Layoffs — January 2005

The US labor market showed signs of rising strain as employers posted 107 WARN Act notices in January 2005, affecting an estimated 11,375 workers — reflecting a significant uptick compared to December and down 36% versus January 2004. Filings came from 12 states and territories, with an average of 106 workers per notice.

107
Total Notices
11,375
Workers Affected
12
States Reporting
106
Avg per Notice
26
Closures

Top States by Workers Affected

StateNoticesWorkers
Florida123,441
Pennsylvania231,460
Ohio8900
Texas11854
Georgia11790
Alabama7781
Washington DC4768
Maryland7743
Michigan5526
Washington6524
New Jersey7457
Kansas6131

Florida led the nation with 3,441 workers affected across 12 notices , followed by Pennsylvania (1,460 workers) and Ohio (900 workers) .

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance42,284
Real Estate131,659
Other7743
Information & Technology17643
Manufacturing7581
Retail4392
Utilities295
Transportation183
Agriculture170
Healthcare167

The Finance & Insurance sector saw the heaviest impact with 2,284 workers across 4 notices. On a related front, Real Estate reported 1,659 workers.

Layoff Type Analysis

TypeNoticesWorkers
Closure262,863
Layoff291,939

Closures accounted for 25% of all affected workers nationally, with the majority of events being layoffs rather than full closures.

Largest Layoffs

CompanyLocationWorkersType
JPMorgan ChaseTampa, Florida1,900
Crown American Realty Trust Pasquerilla PlazaJohnstown, Pennsylvania809Closure
Vanguard Car Rental USA IncFort Lauderdale, Florida605
KmartCanton, Michigan320Closure
FDIC Session II of IVWashington DC300Layoff
FDIC Session I of IVWashington DC300Layoff
Provident BankCincinnati, Ohio246
Vanguard Car Rental USA IncBoca Raton, Florida245
OxychemPottstown, Pennsylvania222Closure
Delet ockheed Martin - White Settlement (Ft. Worth)White Settlement, Texas220

The largest notice was filed by JPMorgan Chase in Tampa, Florida, reporting 1,900 affected workers. Crown American Realty Trust Pasquerilla Plaza followed with 809 workers.

Trend & Outlook

After a dip last month, layoff activity has ticked back up.

The trends suggest a mixed picture for the nation's labor market, with activity diverging between monthly and annual comparisons. The Finance & Insurance sector warrants close attention heading into the next period.

This report covers all WARN Act filings with notice dates in January 2005. 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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