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Tuesday, December 14, 2010

New research from EBRI: seniority of employment for workers United States rising slightly, now just over 5 years (prnewswire.com)

WASHINGTON, December 13, 2010/PRNewswire-USNewswire /-the median duration of workers to full-time employment ticked up slightly by 2010, over just five years, continues a slow increase in the duration of employment which began in 2004, according to a new report by the (EBRI) nonpartisan employee benefit Research Institute.


However, parsing EBRI shows there are long-term trends significantly different depending on the type of worker. For example, duration of employment for men has declined since 1983, whereas the mandate of women has increased in this period, to the point where times-large gap between the sexes in the duration of employment was almost closed. Because the mandate of women has increased while the mandate of the men decreased, the overall rate of job tenure has been relatively stable.


EBRI found that older workers appear to be stay in their jobs longer. But overall, the results show that over the past three decades American labour market has always been a high level of turnover - and will probably be in the future.


"For the large majority of American workers with so-called 'career job' has never exist, and they certainly exist today," said Craig Copeland, Associate Senior Research EBRI and author of the study. "A distinct minority workers spent never their entire career to one employer."


The results are published in the notes of EBRI December, "Job Tenure, 1983-2010" and are based on the latest data from the current population of the u.s. Census Bureau survey. The full report is online on the website of the EBRI at the www.ebri.org


Among the findings in the report:

All workers: Among all salaries and wages workers aged 25 years or more, the median job tenure was 5.2 years 2010, until slightly of the last survey in 2008 and a modest increase in 5.0 years in 1983. (The median is the midpoint, with half above and below half).Gender long-term trends: Closer look at long-term trends shows that the length of median employment for men fell from 5.9 years in 1983 to 5.1 in 2010. However, duration of employment for women has increased from 4.2 years 1983 to 5.1 in 2010. Overall, growth in the occupation of women offset the decline in male workers during the period. Older workers: Older workers of males and females have also been increases in median seniority.  For example, the mandate of male aged 55 to 64 rose from 9.5 years during the years 2006 to 10.4 in 2010. Ages of 55 women given the mandate of the greatest increase on a longer time, series of 7.8 years 1963 to 9.7 in 2010.Private and public sector: for workers in the private sector, the median duration held relatively stable series, about three years and a half and follows one then tend to rise, reaching 4.0 years by 2010.  Among workers in the public sector, median seniority reaches 7.1 years by 2010. Duration of the employment sector public is currently about 80 per cent higher than in the private sector. Long-vs workers permanent short:Workers in 20 years or more occupation rose from 8.9% in 1983 to 10.9% in 2010.  Seen a corresponding decrease in the percentage of workers with one year or less occupation, down by 25.7% in 1983 to 17.4% in 2010.  In 2010, workers with at least five years of occupation reaches 51%, highest level during the period 1983-2010 nearly 2 percentage points.

Copeland has noted that, with unemployment remains high in 2009 and 2010, the increase in median levels indicates that workers whose jobs are suspended on the more - especially at a time where unemployed is ill find one.


"It seems that workers who have jobs are mostly stay and unemployed persons is not likely to begin their" says Copeland.


Copeland noted that tenure results indicate that workers are likely to continue to change jobs frequently in the future, just as they did in the past in the past. This has a number of important consequences, he added: traditional systems have limited benefits for workers in the short term, which makes it even more important than workers who participate in a 401 (k) - type plan retain their retirement savings when they change jobs.


EBRI is a private, non-profit based in Washington, DC, which focuses on health, retirement, and economic security issues Research Institute. EBRI does not exert pressure and does not political positions.


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SOURCE Employee Benefit Research Institute

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