The Briefing Room
General Category => National/Breaking News => Topic started by: libertybele on June 08, 2021, 10:04:14 pm
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‘Take this job and shove it’ – American workers quit at record levels
More Americans than ever are quitting their jobs, making it even harder for companies to fill a record number of job openings.
Almost 4 million people quit their jobs in April, the government said Tuesday. That’s nearly double the number of people who quit one year earlier.
The percentage of people quitting their jobs, meanwhile, also rose to a record 2.8% among private-sector workers. That’s a full percentage point higher than a year ago, when the so-called quits rate fell to a seven-year low.
Why are so many Americans quitting?
The most fashionable argument now is that people are leaving for better, or better paying, jobs. Many companies have boosted pay or offered other incentives to attract workers.
A recent study by Bank of America, for example, found that job switchers earned an extra 13% in wages from their new positions. That’s a big chunk of money.
“Raising salaries and wages, throwing in something extra to make the offer more attractive, are all steps that are now becoming commonplace,” said senior economist Jennifer Lee of BMO Capital Markets.
At the same time, the argument goes, lots of people have reevaluated their careers, decided they didn’t like their old jobs and want to try something different................
https://www.marketwatch.com/story/take-this-job-and-shove-it-american-workers-quit-at-record-levels-11623181051?mod=home-page