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Labor Mobility in US – Switching employers or shifting in and out of the workforce has been declining

The median number of years that wage and salary workers in the U.S. have been with their current employer was 4.2 when the Bureau of Labor Statistics last checked in January 2016. That’s higher than at any time in the 1980s or ’90s.

The percentage of Americans switching employers or shifting in and out of the workforce has been declining since the 1980s, economists at the Federal Reserve Board and University of Notre Dame documented last year.

Moves across state lines, which are often made by people searching for new job opportunities, have become much less common.Only 1.5 percent of Americans made such moves from early 2015 to early 2016, reports the U.S. Census Bureau, down from 3.6 percent from 1969 to 1970. Moves across county lines within the same state have also declined.

Chosen excerpts by Job Market Monitor. Read the whole story at The Truth About the Gig Economy – Bloomberg


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