Carney: Why A Record Number of Americans Quit Their Jobs Last YearJohn Carney 1 Feb 2022
Americans quit their jobs in record numbers last year as the economy continued to be roiled by the pandemic and the changes it has wrought on where Americans work, live, and how they balance their careers with other pursuits.
But do not be so fast to accept the moniker “the Great Resignation” that some analysts have assigned to this. It might be more accurate to describe 2021 as a return to the pre-pandemic shift of power from employers to workers that saw quits rising and layoffs falling year after year over the past decade.
The Bureau of Labor Statistics monthly report based on its Job Openings and Labor Turnover Survey showed that the number of quits in December edged down to 4.3 million, 161,000 below the record high hit in November. The quits rate, which measures the percentage of the workforce that leaves their job in a given month, was little changed at 2.9 percent.
There were a total of 47.4 million quits in 2021, by far the most on record. And the quits rate averaged 2.7 percent, also a record high and far above the 2.0 average this century.
Now this does not mean that 47.4 million of us quit our jobs last year. At least some of those quits were racked up by workers who quit multiple times.
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https://www.breitbart.com/economy/2022/02/01/carney-why-a-record-number-of-americans-quit-their-jobs-last-year/
