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, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.