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November 13, 2021

Americans quitting their jobs in record numbers

By T. Thompson In Latest News with Comments Off on Americans quitting their jobs in record numbers

Americans are quitting their jobs in droves amid the “Great Resignation,” as evidenced by the fact that a record 4.4 million left their roles in September.

Experts say workers are quitting to look for better pay and better jobs.

“Labor now has the initiative, and the era of paying individuals less than a livable wage has ended,” said Joseph Brusuelas, chief economist at RSM US. “This strongly suggests that rising wages are going to be part and parcel of the economic landscape going forward.”

“The pace of people quitting across the labor market is remarkable,” said Nick Bunker, director of economic research at the Indeed Hiring Lab. “But the concentration among a few sectors is eye-popping. Quits are up the most in sectors where most work is in-person or relatively low paying.”

Specifically, the arts, entertainment, and recreation sector experienced the largest uptick in resignations.

Source:

A record number of Americans quit their jobs in September

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