US Layoffs — August 2006

The US labor market showed signs of rising strain as employers recorded 133 WARN Act notices in August 2006, covering approximately 12,077 workers — marking a sharp increase from July and down 5% versus August 2005. Filings came from 16 states and territories, with an average of 91 workers per notice.

133
Total Notices
12,077
Workers Affected
16
States Reporting
91
Avg per Notice
25
Closures

Top States by Workers Affected

StateNoticesWorkers
Ohio162,586
Texas271,520
Georgia131,340
New York261,087
Pennsylvania5789
Washington4745
Florida7738
Kansas6720
Washington DC2567
Michigan8507
Iowa5336
Alabama2327
New Jersey3260
Missouri3257
Maryland4198
Kentucky2100

Ohio led the nation with 2,586 workers affected across 16 notices , followed by Texas (1,520 workers) and Georgia (1,340 workers) .

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance51,217
Manufacturing131,088
Transportation4586
Other10398
Retail5319
Arts & Entertainment1200
Admin & Support Services11166
Utilities2136
Information & Technology2124
Wholesale Trade198

The Finance & Insurance sector accounted for the largest share of job cuts with 1,217 workers across 5 notices. At the same time, Manufacturing reported 1,088 workers.

Layoff Type Analysis

TypeNoticesWorkers
Layoff392,739
Closure252,174

Closures accounted for 18% of all affected workers nationally, with the majority of events being layoffs rather than full closures.

Largest Layoffs

CompanyLocationWorkersType
Bank of America Card Services OperationsHorsham, Pennsylvania617Closure
Tyson's Fresh Meats, IncPasco, Washington590Layoff
United AirlinesWashington DC504Layoff
HospiraAshland, Ohio450
Paloma (formerly NCED)El Paso, Texas400
InkCycleLenexa, Kansas390
ReadyOne Industries (formerly NCED)El Paso, Texas333
Chase Home Finance DefaultCleveland, Ohio282
Southern Family Markets, LLCBirmingham, Alabama278Layoff
Ceres Administrators, LLCStrongsville, Ohio272

Leading the list was Bank of America Card Services Operations in Horsham, Pennsylvania, reporting 617 affected workers. Tyson's Fresh Meats, Inc followed with 590 workers.

Trend & Outlook

This marks the third consecutive month of rising layoff activity.

The filings reflect 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 August 2006. 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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