Wednesday May 08, 2024
Baby Boomers Were Job Hoppers, Too
There’s a widespread belief that Millennials are fickle job-hoppers. And while that may be true, particularly early in their careers, data shows that they’ve been about as likely to change jobs as Baby Boomers were at the same age. Caleb and Liz discuss the trends, possible explanations, and what employers should think about when it comes to hiring and employee retention.
Shownotes
National Longitudinal Surveys [BLS]
Boomers data: https://www.bls.gov/news.release/nlsoy.nr0.htm
Millennials data: https://www.bls.gov/news.release/nlsyth.nr0.htm
Job losers as % of total unemployed: https://fred.stlouisfed.org/series/LNS13023622