65.7 percent of long-tenured displaced workers were reemployed in January 2024

From January 2021 through December 2023, 2.6 million workers were displaced from jobs they had held for at least 3 years. Known as long-tenured displaced workers, 65.7 percent of these individuals were reemployed when surveyed in January 2024, 16.1 percent were unemployed, and 18.2 percent were not in the labor force.

Among these long-tenured displaced workers, reemployment rates were similar for men and women (65.2 percent and 66.2 percent, respectively). The proportions of displaced men and women who were unemployed in January 2024 were also little different (14.9 percent and 17.6 percent, respectively). The share of male displaced workers who had left the labor force was 19.9 percent, while the corresponding share for women was 16.2 percent.

Reemployment rates of long-tenured displaced workers varied by age. In January 2024, the rate was 74.5 percent for workers ages 25 to 54. Reemployment rates continued to be lower for older workers; the rates for those ages 55 to 64 and 65 years and over were 55.3 percent and 34.4 percent, respectively.

The differences in reemployment rates by age can be partially explained by older workers being more likely than younger workers to leave the labor force after being displaced from a job they had held for three or more years. Among those age 65 and over, 52.5 percent were no longer in the labor force when surveyed in January 2024. This compares with 8.8 percent of long-tenured displaced workers ages 25 to 54.

These data are from the Current Population Survey. For more information, see "Worker Displacement: 2021–2023". Long-tenured displaced workers are wage and salary workers age 20 and older who had 3 or more years of tenure on a job they lost or left because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished.