Americans Still Haven’t Quit Quitting
By Dan Markham
on Jan 11, 2022
The last two years have been as unpredictable as anything we’ve seen in the U.S. economy, as every service center executive knows. Among the jaw-dropping developments is the change to the American workforce, a situation that shows little signs of slowing.
In the most recent report from the Bureau of Labor Statistics, the jobs market remains a perplexing bit of mixed signals. On the one hand, the number of job openings decreased by November’s end to 10.6 million, a good sign. Offsetting that, however, was the fact the number of Americans who quit their jobs during the month reached a new high of 4.5 million, up 370,000 from October. While the hospitality industry led the way, unsurprisingly, warehouses were among the operations that also saw a spike in walk-offs during the month.
The larger picture is getting a little better, with a net employment gain of 5.9 million over the previous 12 months. But it’s safe to say the Great Resignation, as this period has been tabbed, has not yet run its course.