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 January 19, 2020).
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.