How has the recession been affecting the job market? A new report from the research firm Towers Watson says that workers are tending to stick with the same employer as long as possible in the midst of the current recession (US Workers were surveyed in November and December). The number of workers in the survey who say they want to work for a single company or two or three companies is an impressive 79%.
Job Security
Perhaps it took an "unemployment number wake-up call" for so many workers to be happy with the employment they have. Reproduced below is a chart showing the median number of weeks of employment. In a country where half of unemployed workers have been unemployed more than 20 weeks, a little job security goes a long way.
- Median Unemployment Duration (St. Louis Fed)
I love my (day) job, and have no plans to consider alternatives... the recession didn't change that. How about you? Have your attitudes changed due to the economic conditions?
