6.1 Million Workers Displaced From Jobs Held at Least Three YearsAugust 31st, 2012 by DWM Magazine
From January 2009 through December 2011, 6.1 million workers were displaced from jobs they had held for at least three years, reported the U.S. Bureau of Labor Statistics (BLS). This was down from 6.9 million for the survey period covering January 2007 to December 2009. In January 2012, 56 percent of workers displaced from 2009-11 were reemployed, up by 7 percentage points from the prior survey in January 2010, according to the report.
The BLS says displaced workers are defined as persons 20 years of age and older who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished. The period covered in this study was 2009-11, the 3 calendar years prior to the January 2012 survey date. According to the BLS most of this period was characterized by modest employment growth. An additional 6.7 million persons were displaced from jobs they had held for fewer than three years (referred to as short-tenured). Combining the short- and long-tenured groups, the number of displaced workers totaled 12.9 million from 2009-11. In the prior survey, which was conducted in January 2010 and covered 2007-09, this group numbered 15.4 million. This previous survey reflected the steep employment declines associated with the recession that began in December 2007, according to the BLS.