Displaced workers’ earnings at new jobs, January 2008
August 27, 2008
Of the 2.2 million reemployed displaced workers who lost full-time wage and salary jobs during the 2005-07 period, 1.7 million had found new full-time wage and salary jobs by January 2008. (The remaining reemployed workers had part-time wage and salary jobs or were self-employed or unpaid family workers.)
Of these reemployed full-time workers who reported earnings on their lost job, 55 percent were earning as much or more than they did prior to displacement.
Twenty-five percent reported earnings losses of 20 percent or more.
These data come from the Current Population Survey (CPS). To learn more about displaced workers, see "Worker Displacement, 2005-07," (PDF) (HTML) USDL 08-1183. Displaced workers are defined as persons 20 years of age and older 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. The data cited here are for "long-tenured workers"—those who were in their jobs for 3 years or longer.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Displaced workers’ earnings at new jobs, January 2008 on the Internet at https://www.bls.gov/opub/ted/2008/aug/wk4/art03.htm (visited December 13, 2017).
Recent editions of Spotlight on Statistics
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.
Profile of the Labor Force by Educational Attainment
A look at the educational attainment of the U.S. labor force and how it has changed over time.