US workers are quitting their jobs in record numbers | Business and Economy News
The number of workers in the United States quitting their jobs jumped to 4.3 million in August – the highest quits rate on record.
Workers in the United States are quitting their jobs at a record pace.
The latest Job Openings and Labor Turnover Survey – JOLTS – from the US Labor Department showed that the number of Americans quitting their jobs jumped to 4.3 million in August. That is 2.9 percent of all employed workers in the US, marking the highest quits rate on record.
Meanwhile, the number of job openings in the US fell slightly to 10.4 million in August, but that follows on from July which saw a record 11.1 million jobs go begging.
A high quits rate normally signals how confident American workers feel about their job prospects. But a deeper dive into the data suggests that fear of contracting the Delta variant of COVID-19 could also be driving workers onto the…