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Fact of the Week: 15 December 2014

FACT OF THE WEEK

61% of long-tenured workers* who were displaced during the 2011-2013 period were reemployed in January 2014. Among workers aged 55-64 who were displaced during that period, 53% were reemployed. Among those aged 65+, 22.5% were re-employed, according to a 2014 analysis of Current Population Survey data.
*note: Long-tenured is defined as a job held for at least 3 years. Displaced workers are those who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished.
       
Bureau of Labor Statistics. (2014). Sixty-one percent of workers displaced in 2011-2013 were reemployed in January 2014: TED: The Economics Daily. Retrieved September 2, 2014, from www.bls.gov.

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