Displaced Workers Faring Better, But Many Remain Unemployed

Source: Mike Maciag, Governing, August 26, 2016

New data on displaced workers shows that those in the South have had the hardest time finding new jobs…. The data further depict noticeable differences across regions. For the most part, long-tenured workers suffering job losses in the Western U.S. were most successful at securing new jobs. Between 71 and 75 percent regained employment in the western regions of the country. By comparison, only 53 percent surveyed were working in what’s considered the East South Central division: Alabama, Kentucky, Mississippi and Tennessee. …. Those who did manage to find work often took pay cuts. Nearly half (47 percent) of displaced full-time workers reported earnings that were less than their previous job. Only a third of wholesale/retail trade and finance workers who obtained employment matched their prior earnings. An even smaller share — 27 percent — of rehired workers in the information industry, which includes software publishing and media-related communications, were able to secure new jobs with equal or better pay. ….