The Fact
Among long-tenured workers displaced during 2023–2025, 32.6% lost or left their jobs because their plant or company closed down or moved.
What This Means
A large share of long-tenured job loss came from the employer operation itself disappearing or relocating, not from an individual worker simply deciding to leave.
Sources
- U.S. Bureau of Labor Statistics. “Worker Displacement: 2023–2025.” USDL-26-1423, August 27, 2026.