Dan Drezner muses a bit on the changing structure of american work, from long-term company jobs to a series of short-term jobs. He's certainly on to something (in 5 years since college, I've had 3 regular jobs, 1 consulting gig, and nearly a year of unemployment), but what really leapt out at me was the amount of churn. According to a Treasury guy he quotes, in 2005 55 million people left their jobs and 57 million people took new ones.* According to the CIA, the US labor force is about 150 million. That includes the unemployed, which are abour 5% of the labor force, so we're talking about 142 million jobs. That's 40% turnover, which seems amazingly high.
The same Treasury guy notes that US job tenure averages 6.6 years, a good bit lower than other developed countries. What I'm struggling with is what sort of distribution would produce 40% annual churn and 6.6 year average tenure - a lot of minimum wage jobs turning over extremely rapidly, coupled with a normalish distribution of professional job tenure with a 10-year-ish mean?
*Note - I do not think that these are unique, so someone that left a job, took a new one, left that one, and took another would count twice in each tally.