Thursday, September 29, 2016

Long-Term Job Decline

In 2016, one-third (33.8 percent) of employed men aged 25 or older had been with their current employer for 10 or more years, almost the same percentage as two decades earlier in 1996 (33.1 percent). By age group, however, things have changed. Long-term employment has declined for men of prime working age and increased among men aged 60-plus as older workers postpone retirement.

Percentage of men with current employer 10-plus years, 2016 
(and percentage point change 1996-2016)
Aged 25 to 29: 3.4% (+0.1)
Aged 30 to 34: 13.2% (–2.4)
Aged 35 to 39: 25.1%  (–5.4)
Aged 40 to 44: 34.8% (–6.9)
Aged 45 to 49: 44.4% (–6.4)
Aged 50 to 54: 50.4% (–4.5)
Aged 55 to 59: 53.4% (–2.3)
Aged 60 to 64: 55.5% (+5.1)
Aged 65-plus: 54.6% (+7.0)

Source: Bureau of Labor Statistics, Employee Tenure in 2016

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