Record Number of U.S. Workers Quit Their Jobs in November
- 2 years ago
Record Number of U.S. Workers , Quit Their Jobs, in November.
'The New York Times' reports that in November,
a record number of Americans quit their jobs, while
employers found it marginally easier to fill open positions. .
According to a statement by the Labor Department on January 4, over 4.5 million people quit their jobs
in November.
That number is up from 4.2 million in October,
and is the highest since the government
began tracking it twenty years ago. .
According to 'NYT,' numbers have been highest in hospitality and other low-wage sectors. .
On the last day of November, there
were 10.6 million job openings posted -
down from 11.1. million in October. .
However, it was still higher than
any month prior to the pandemic. .
Employer demand is still extremely high, and the result of that is increased
competition for workers, Daniel Zhao, senior economist
at Glassdoor, via 'The New York Times'.
That means more job openings,
higher wages and more churn
in the labor market, Daniel Zhao, senior economist
at Glassdoor, via 'The New York Times'.
On January 7, the Labor Department will release data from December on employment, unemployment and earnings. .
According to 'NYT,' many forecasters
expect the new data to reflect that job growth
accelerated at the end of 2021. .
However, the new data predates the recent
surge in coronavirus cases across the country. .
The surge has forced airlines to cancel flights and
delayed plans to return to offices and schools.
'The New York Times' reports that in November,
a record number of Americans quit their jobs, while
employers found it marginally easier to fill open positions. .
According to a statement by the Labor Department on January 4, over 4.5 million people quit their jobs
in November.
That number is up from 4.2 million in October,
and is the highest since the government
began tracking it twenty years ago. .
According to 'NYT,' numbers have been highest in hospitality and other low-wage sectors. .
On the last day of November, there
were 10.6 million job openings posted -
down from 11.1. million in October. .
However, it was still higher than
any month prior to the pandemic. .
Employer demand is still extremely high, and the result of that is increased
competition for workers, Daniel Zhao, senior economist
at Glassdoor, via 'The New York Times'.
That means more job openings,
higher wages and more churn
in the labor market, Daniel Zhao, senior economist
at Glassdoor, via 'The New York Times'.
On January 7, the Labor Department will release data from December on employment, unemployment and earnings. .
According to 'NYT,' many forecasters
expect the new data to reflect that job growth
accelerated at the end of 2021. .
However, the new data predates the recent
surge in coronavirus cases across the country. .
The surge has forced airlines to cancel flights and
delayed plans to return to offices and schools.