Young Workers Change Jobs Frequently, Study Shows
By TOM RAUM
WASHINGTON (AP) a¿¿ Young adults born in the early 1980s held an average of just over six jobs each from ages 18 through 26, a Labor Department survey showed Wednesday.
Since 1997, the department's Bureau of Labor Statistics has been keeping tabs on about 9,000 young men and women born in the early 1980s, surveying their educational and workplace progress. The latest survey is from interviews conducted in 2011-2012.
According to the survey, more than two-thirds of the jobs held by high-school dropouts lasted less than a year.Women in the study group overall were more educated than the men. Thirty-two percent of the women earned a bachelor's degree, compared with 24 percent of the male participants. Overall, 70 percent of the women had either some college or received a bachelor's degree, compared to 61 percent of the men. In the survey, young adults born from 1980 to 1984 held an average of 6.2 jobs from ages 18 to 27 a¿¿ 6.0 jobs for men and 6.3 for women. The number of jobs held varied by educational levels more for women than for men. For men it ranged from 5.9 jobs for those with less than a high-school diploma to 6.0 jobs for those with a college bachelor's degree or higher. For women, those with less than a high-school diploma held 4.9 jobs over the period while women with a bachelor's degree or higher held 6.9 jobs. Joe Fuller, a Harvard Business School professor and contributing faculty member to the U.S. Competitiveness Project, said the report contained no big surprises, but "what this data really says is, if you have less educational attainment, you're more likely to be unemployed. Or if you're an ethnic minority. ... There's nothing new there. But it's got good data and it updates it."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV