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USA: "New Study Highlights the Financial Contribution of the Automotive Industry to State and Federa

USA: "New Study Highlights the Financial Contribution of the Automotive Industry to State and Federal Tax Revenues" report. 32-page report by Center for Automotive Research (CAR).

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back to index backAMERItalk April,  2017


Millennials aren't job-hopping any faster than Generation X did

Millennial workers, those ages 18 to 35, are just as likely to stick with their employers as their older counterparts in Generation X were when they were young adults, according to recently released government data.

And among the college-educated, Millennials have longer track records with their employers than Generation X workers did in 2000 when they were the same age as today's Millennials.

Every two years the U.S. Department of Labor collects data on how long workers have been with their current employer as part of the Current Population Survey. Though the data have been collected periodically since the early 1950s, the present tenure questions began in 1996, so we can only compare Millennial workers with Gen X workers when they were the same age.

In January 2016, 63.4% of employed Millennials, the generation born between 1981 and 1998, reported that they had worked for their current employer at least 13 months. In February 2000, somewhat fewer 18- to 35-year-olds (59.9%) " most of whom are today's Gen Xers " reported similar job tenure. Looking at young workers with longer tenures, 22% of Millennial workers had been with their employer for at least five years as of 2016, similar to the share of Gen X workers (21.8%) in 2000.

One factor that may be contributing to Millennials staying with employers longer is their relatively high levels of education, which is typically associated with longer tenure. Among 25- to 35-year-old workers in 2016, 38% of Millennial men and 46% of Millennial women had completed at least a bachelor's degree. The Gen X workforce back in 2000 had significantly lower levels of educational attainment: 31% of male 25- to 35-year-old workers had finished college, as had only 34% of female workers.

To read entire article, please click here.

Source: Pew Research Center - GAI



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