Who's Searching Around For A New Job?
December 11, 2000
The number of employed workers who are actively looking to change employers has been falling recently. Younger workers have always been more likely to explore new employment possibilities than older workers. But recent declines in job seekers have included the under-25 crowd.
- In the second half of the 1990s, the share of employed workers actively searching for a new job slipped from 5.6 percent to 4.5 percent, according to the Labor Department.
- The drop occurred among workers of all ages, but was most pronounced among those under 25.
- Highly-educated workers are more likely than the less-educated to be looking for a new job.
- Workers who lack health coverage or an employer-provided retirement plan are twice as likely to be seeking a new job as those who enjoy such benefits.
And the most likely job-seekers by far are those who are working part-time involuntarily.
Source: Gene Koretz, "Economic Trends: Changing Jobs During a Boom," Business Week, December 18, 2000.
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