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Americans Hanging Onto Their Jobs Longer

December 24, 2012 by  

Americans Hanging Onto Their Jobs Longer
PHOTOS.COM

Many Americans who would likely prefer to abandon their jobs in search of something better are increasingly grateful to simply be employed and are hanging onto their jobs longer due to a shaky economic outlook.

Census Bureau data indicates that average job tenure was the highest in 2012 that it has been since the early 1980s, according to Bloomberg.

In 2000, when hiring was strong, the average amount of time Americans older than 25 spent working a job was 4.7 years. Today, most Americans in the same demographic can be expected to hang on to a job for 5.4 years on average.

From the Bureau of Labor Statistics Employee Tenure Summary: “Median employee tenure varied by age. Older workers tend to have more years of tenure than their younger counterparts. For example, the median tenure for employees age 65 and over was 10.3 years in January 2012, over three times the tenure for workers age 25 to 34 (3.2 years). More than half of all workers age 55 and over were employed for at least 10 years with their current employer in January 2012, compared with 13 percent of workers age 30 to 34.”

BLS also notes that lifelong positions with a single employer are becoming an increasingly uncommon among American workers. This poses important questions about whether those just entering the workforce will have ample opportunity to plan for retirement.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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  • CHRISTOPHER ALLEN HORTON

    I WONDER HOW MANY OF THESE PEOPLE HAVE HAD THE SAME JOB FOR A LONG TIME WITHOUT A PROMOTION.

    I THINK THERE IS A STRONG CORRELATION BETWEEN KEEPING THE SAME JOB AND BEING UNDER PRESSURE BY ACCUMULATING “LARGE PRICE-TAG-” BILLS LIKE, HOME MORTGAGES AND NEW VEHICLES. BUYING EXPENSIVE ITEMS BEFORE REACHING REASONABLE MATURITY FORCES PEOPLE TO “HANG-ON” TO JOBS THEY DO NOT WANT.

    • Robert Smith

      People are sometimes trapped in jobs because of the health care benefits. They aren’t free to shop around because they can’t afford a gap in coverage.

      Just another jab at the 98% from the top two who are going for 100% control.

      Rob

      • Bill

        Rob,
        You mean the top 2% that are government elitists that want full tyranical control

      • Vigilant

        Bill’s got it right. Rob’s just mentally masturbating, as usual.

    • Vigilant

      “Americans Hanging Onto Their Jobs Longer,” says the headline that should be a no-brainer.

      Perhaps it should have read, “Americans Hanging Onto Their Unemployment Compensation Longer.” Every historical indicator points to the fact that the best incentive to the lazy and opportunistic person is the nearing deadline for their benefits to run out.

      Repeated extension of unemployment benefits merely grows the class of those dependent upon government for their bread and butter. It’s not a lesson for government to learn, since government knows full well what it’s doing.

      Politicians will only learn this lesson if they are voted out of office. That’s the best way to create a deadline for their benefits to run out.

  • eddie47d

    It could be that American businesses will run a little smoother now with company loyalty and a lower turnover. For a long time now few workers had any allegiance to the company who hired them. Companies would spend a good chunk of money training someone and the new employee would take that experience and stab the boss in the back. He’d leave and start his own business using what he gained from the “old” boss. That of coarse is part of our dog eat dog culture but also causes many businesses to fail because someone is always out to get them.

  • http://www.facebook.com/tony.newbill1 Tony Newbill

    Do you want to know why the world economies are in a tail spin ??? have you the knowledge of where we are as a world regarding Supply-Demand and the view of the Big Money that invests in long term growth investments and how these guys are seeing the level of risk with it having an outcome that won’t end in them losing their investment to a inflation event due to international reaction to a Food Shortage ? Would you hold commercial paper positions that the Fed is now picking up because these Private investors are gone from the market due to this situation ?
    have you considered that this is why the Government as well as all Governments in the world look so dysfunctional ?
    Here is the Proof that we need Policy that
    Promotes Food supply expansion , and you know we can do this we have the
    Innovation we just need to Implement the Technology !!!

    Listen to the video at 1:45 they say we have been consuming
    more food than we produce as a world for 6 years NOW !!!

    http://www.youtube.com/watch?feature=player_embedded&v=tF2yHjfj32I
    Urban populations will rapidly strain
    services, resources

    w w w.cattlenetwork.com/cattle-news/Urban-populations-will-rapidly-strain-services-resources-183058531.html

    This is why the Private sector economy is seeing the M1 investor leave their Long Term investments in bonds and treasuries and the Federal Reserve stepping into these positions beyond just the Government deficit that is being called on for cuts .

  • Stephen Russell

    Or theyre stuck & cant move up ladder or trying to find better employment someplace else.

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