A Record 4.5 Million Americans Quit Their Jobs in
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Posted On: 01/04/2022 6:02:17 PM
A Record 4.5 Million Americans Quit Their Jobs in November
A record 4.5 million American workers quit their jobs in November, a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year’s coronavirus recession.
The Labor Department also reported Tuesday that employers posted 10.6 million job openings in November, down from 11.1 million in October but still high by historical standards.
Employers hired 6.7 million people in November, up from 6.5 million in October, the Labor Department reported Tuesday in its monthly Jobs Openings and Labor Turnover Survey.
Nick Bunker, research director at the Indeed Hiring Lab, noted that quits were high in the low-wage hotel and restaurant industries. “Lots of quits means stronger worker bargaining power which will likely feed into strong wage gains,'' he said. “Wage growth was very strong in 2021, and ... we might see more of the same in 2022.''
https://www.usnews.com/news/business/articles...e=sailthru
A record 4.5 million American workers quit their jobs in November, a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year’s coronavirus recession.
The Labor Department also reported Tuesday that employers posted 10.6 million job openings in November, down from 11.1 million in October but still high by historical standards.
Employers hired 6.7 million people in November, up from 6.5 million in October, the Labor Department reported Tuesday in its monthly Jobs Openings and Labor Turnover Survey.
Nick Bunker, research director at the Indeed Hiring Lab, noted that quits were high in the low-wage hotel and restaurant industries. “Lots of quits means stronger worker bargaining power which will likely feed into strong wage gains,'' he said. “Wage growth was very strong in 2021, and ... we might see more of the same in 2022.''
https://www.usnews.com/news/business/articles...e=sailthru
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