FTLE - Volume 4, Issue 1 - Role of Economists in Reduction-in-Force Analysis
1/22/2010
Abstract
The economic downturn has hit the U.S. labor market nearly as hard as the stock market over the last two years. The national unemployment rate reached its highest point since the early 1980s and, according to the Department of Labor’s figures, it jumped to 10.2% in October. A significant factor in the increased unemployment rate is large- scale layoffs – reduction-in-force (RIFs). Many large and prominent companies have had to make the tough decision to reduce their workforce, and more reductions are likely to come. This environment is ripe with potential for litigation on various discrimination claims, with Age Discrimination in Employment Act (ADEA) claims particularly common.
FTLE - Volume 4, Issue 1 - Role of Economists in Reduction-in-Force Analysis (653KB .pdf file)