The Truth About Re-Employment

Another post that probably won’t go on the socials, but that explains one of the key “whys” about Bredemarket.

If you haven’t noticed, there are a large number of people who lost full-time employment and years later have not regained it.

Some are getting by with part-time work or consulting. Others are draining their savings. Others are homeless.

The toxic positivists are fond of saying that you are one yes away, and that your job will come.

But what if it doesn’t come?

And for some it doesn’t. 

Google Gemini summarized the findings at “Labor Force Characteristics (CPS) : U.S. Bureau of Labor Statistics”: https://www.bls.gov/cps/lfcharacteristics.htm

“A Bureau of Labor Statistics survey in January 2024 found that 65.7% of long-tenured workers (those with at least 3 years on the job) displaced between 2021 and 2023 had been re-employed.

 “Re-employment rates vary by age. In January 2024, the rate was 74.5% for those aged 25-54, but significantly lower for older workers (55-64: 55.3%; 65 and over: 34.4%).”

In short, if you’re over 55 and lose your job, there’s a good chance that you’re not getting another one.

Having only enjoyed full-time employment for one year out of the last five, I realize that I may never work again, even though I am years away from retirement age.

Bredemarket started during my first bout of unemployment between 2020 and 2022, when I pursued a two-pronged approach of consulting and searching for full-time employment.

In 2023 I found myself pursuing the two-pronged approach again.

As I say, we’ll see what happens.

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