“Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs.” The Biden Admin has created a culture that fosters unemployment. We saw it with the jobs report and we’re seeing it with these numbers too. www.cnbc.com/2021/10/12/a-record-4point3-million-workers-quit-their-jobs-in-august-led-by-food-and-retail-industries.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1634063581
Companies during the last decade: "We can't give you a raise. Don't like it? Leave. Everyone is desperate for a job." [everyone quits] Companies now: "Workers these days have no loyalty."
Also of interest in today's JOLTS and per @JeffCoxCNBCcom: Notable jump in the "quit rate" with 4.3 million workers leaving their #jobs. Take this as a sign of a tighter labor market in which the bargaining power of workers is getting stronger, and where wages are going up. @cnbc pic.twitter.com/ojnWlGl1V3
Morning Consult poll finds that 1 in 5 health care workers have quit a job since Feb 2020. I wonder if CPS data suggest the same? morningconsult.com/2021/10/04/health-care-workers-series-part-2-workforce/ pic.twitter.com/q6QjUEynAP
How many Americans quit their jobs in August?
4.3 million people quit their jobs in August, nearly 3 percent of the workforce. The number of people quitting their jobs has surged to record highs, pushed by a combination of factors that include Americans sensing ample opportunity and better pay elsewhere. The Washington PostA record number of workers are quitting their jobs, empowered by new leverage
What is the great resignation of 2021?
The Great Resignation, also known as the Big Quit, is the ongoing trend of employees voluntarily leaving their jobs, from spring 2021 to the present, in response to the COVID-19 pandemic. wikipedia.orgGreat Resignation - Wikipedia