Proof Point
Annual U.S. job losses through establishment closures, contractions and mass layoffs, as percent of total employment, declined from 7.3% in 1993 to 5.7% in 2015
U.S. Yearly Job Losses as Share of Total Employment
1993 – 2015
Proof Point Findings
- Job Losses – Percent of employees in private establishments that lost their jobs through establishment closures, contractions, and mass layoffs
- Drop in Unemployment – Total annual job losses as share of total employment in U.S. gradually declined in two decades from 7.3% in 1993 to 5.7% in 2015
- Temporary Increases – Job losses went up temporarily during 2001 and 2008 recessions in U.S., reaching peak of 7.8% in 2001 and 7.1% in 2009
- Key Drivers – Include declining number of employees leaving their jobs, regaining global trade competitiveness, country economic stability, and use of technology-enabled innovations to both eliminate and create new jobs
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Accelerator |
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Market Disruption |
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Sector |
Cross-sector
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Source |
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Date Last Updated |
May 27, 2017
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