Record Number of Americans Quit Their Jobs In August
- 3 years ago
Record Number of Americans, Quit Their Jobs In August.
A new report released on October 12 shows that huge
numbers of American workers are quitting their jobs.
According to the Labor Department the number
of quits jumped to 4.3 million in August.
That is the highest number of quits since December of 2000, and up from 4 million in July.
ABC reports that is equal to almost 3%
of the United States' workforce.
The report showed that hiring slowed and the number of jobs available dropped to 10.4 million, after hitting a record high of 11.1 million in July.
In the past year, open jobs have increased 62%.
Despite this, the report shows that overall hiring has actually declined slightly during that time.
ABC suggests that
fear of COVID-19 is likely to have caused many
who are out of work to quit, not look for or take jobs.
In August, as COVID-19 cases surged, quits
rose sharply in public-facing jobs from July.
In August, almost 900,000 people quit jobs at restaurants, bars and hotels, up 21% from July.
In the retail industry, the number of quits rose 6%.
Jennifer Lee, an economist at BMO
Capital Markets, said the data is, “highlighting the immense problems
businesses are dealing with.".
Not enough people. Not enough
equipment and/or parts. Meantime,
customers are waiting for their orders, or waiting to place their orders. What a strange world this is, Jennifer Lee, an economist at BMO Capital Markets, via ABC
A new report released on October 12 shows that huge
numbers of American workers are quitting their jobs.
According to the Labor Department the number
of quits jumped to 4.3 million in August.
That is the highest number of quits since December of 2000, and up from 4 million in July.
ABC reports that is equal to almost 3%
of the United States' workforce.
The report showed that hiring slowed and the number of jobs available dropped to 10.4 million, after hitting a record high of 11.1 million in July.
In the past year, open jobs have increased 62%.
Despite this, the report shows that overall hiring has actually declined slightly during that time.
ABC suggests that
fear of COVID-19 is likely to have caused many
who are out of work to quit, not look for or take jobs.
In August, as COVID-19 cases surged, quits
rose sharply in public-facing jobs from July.
In August, almost 900,000 people quit jobs at restaurants, bars and hotels, up 21% from July.
In the retail industry, the number of quits rose 6%.
Jennifer Lee, an economist at BMO
Capital Markets, said the data is, “highlighting the immense problems
businesses are dealing with.".
Not enough people. Not enough
equipment and/or parts. Meantime,
customers are waiting for their orders, or waiting to place their orders. What a strange world this is, Jennifer Lee, an economist at BMO Capital Markets, via ABC