Dayton Business Journal...
Ohio mass job cuts decline 28%
by DBJ Staff
Wednesday, August 10, 2011 

The number of Ohioans hit by large-scale mass layoffs dropped nearly 30 percent in the second quarter as reductions nationwide fell by a similar margin, according to preliminary data released Wednesday by the Bureau of Labor Statistics. 

The bureau said 79 companies cut 50 or more Ohio workers for at least 31 days between April and June, down from 91 a year ago. That resulted in 11,244 Ohioans laid off, down 28 percent from 15,514 last year. 

Around the nation, 1,624 employers initiated large-scale layoffs in the second quarter, down from 2,008 in the same period a year ago. Resulting layoffs dropped 31 percent to 265,147 from 381,622. Half of all workers were let go for seasonal demand factors, while business demand factors accounted for more than a quarter of all cuts. 

Cuts and resulting layoffs have dropped year-over-year for seven consecutive quarters nationwide. Click here to read the full news release from the bureau. 

Read it with links at the Dayton Business Journal