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MarketWatch -- Monday, Jan. 13, 2014

CBSNews -- Workers are staying at their jobs longer and a number of economic reports are expected this week.
CBSNews -- Workers are staying at their jobs longer and a number of economic reports are expected this week.

Contrary to popular belief, U.S. workers are staying at the same job longer than they did in the 1980s.

According to new labor statistics, U.S. workers remained at the same job for 4.6 years as of 2012, compared with 3.5 years in 1983.

The trend appears to hold up across all ages and genders. Experts say the numbers suggest American workers are stuck in a rut and staying in their jobs longer, rather than looking for new opportunities.

Big banks are set to report quarterly earnings this week. We'll hear from JP Morgan Chase Tuesday along with Wells Fargo.

JP Morgan has recently agreed to pay a total of about $20 billion to settle several federal investigations including a probe relating to the Bernard Madoff scandal.

On Wall Street, stocks took a disappointing unemployment report in stride Friday.

The Dow slipped about 8 points, but the NASDAQ climbed 18.

And it will be a busy week on the economic calendar. Expect reports on December retail sales, inflation, home construction and consumer sentiment.


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