(Free Beacon) Millions of workers lost jobs they had held for at least three years due to business closings and failings from 2013 to 2015, according to data released Thursday from the Bureau of Labor Statistics.
“Displaced workers are defined as persons 20 years of age and older who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished,” the bureau states.
A plurality of displaced workers, or 37.4 percent, said they lost their job because their company closed down or moved. An additional 37.1 percent said their position or shift was abolished, and 25.6 percent reported that there was insufficient work for them to do.
Advertisement - story continues below