Layoffs at Lowest Level in Ten Years

Layoffs at Lowest Level in Ten Years

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Washington D.C. – U.S. Workers experienced fewer lay-offs in 2006 than at any period over the past ten years. The positive trend of continued employment indicates an economic cycle of strong growth and the fact that businesses may be better accounting for peaks and valleys.

In 2004, the number of pink slips given American workers dipped below pre-9/11 levels for the first time and have since continued to decline to 1.4 million in 2006 compared to a high of over 2.5 million in 2001.

The percentage of the U.S. population affected by lay-offs also reached a record low of less than one half of one percent. So far, 2007 shows a slight numerical increase, but should continue at levels under the nine years preceding 2006.

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