28 percent of workers age 55 and over have been with their current employer 20 years or more
September 27, 2016
Generally, older workers have longer tenure with their current employer than younger workers. In January 2016, 28 percent of workers age 55 and over had 20 or more years of tenure with their current employers. Younger workers were more likely than older workers to be short-tenured employees. Among workers 16 to 19 years-old, 74 percent had tenure of 12 months or less with their current employer, compared with 10 percent of workers ages 55 to 64.
|Tenure||Age of Worker|
|16 to 19 years||20 to 24 years||25 to 34 years||35 to 44 years||45 to 54 years||55 to 64 years||65 years and over|
12 months or less
13 to 23 months
3 to 4 years
5 to 9 years
10 to 14 years
15 to 19 years
20 years or more
In January 2016, the median length of time that wage and salary workers were employed with their current employer was 4.2 years, down from 4.6 years in January 2014. Median employee tenure is the point at which half of all workers had more tenure and half had less tenure. The median tenure of wage and salary workers ages 55 to 64 (10.1 years) was more than three times that of workers ages 25 to 34 years (2.8 years).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, 28 percent of workers age 55 and over have been with their current employer 20 years or more on the Internet at https://www.bls.gov/opub/ted/2016/28-percent-of-workers-age-55-and-over-have-been-with-their-current-employer-20-years-or-more.htm (visited July 06, 2020).
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