Why are Americans quitting their jobs. Quitting after pandemic

Spread the love

After the unprecedented job crisis caused by the COVID-19 pandemic, a new trend emerged in the U.S. labor market during 2021, with millions of Americans voluntarily leaving their jobs. According to the latest JOLTS report , the “Great Dismissal” gathered momentum again in November, when a record 4.53 million Americans quit their jobs.

The number of Americans laying off has exceeded the pre-pandemic high for eight consecutive months as employers, especially in low-wage sectors, struggle to fill open positions. The reasons for this trend are manifold, of course, but one major factor seems to be that many workers are no longer willing to put up with the pay and/or working conditions they (perhaps reluctantly) agreed to before the pandemic. “I certainly think the pandemic has caused many people to reevaluate their jobs, their priorities and what they want to do,” said Elise Gould, senior economist at the Economic Policy Institute, in a statement to Business Insider.

See also  The first target for TMF

The fact that layoff rates are particularly high in sectors with large numbers of frontline workers, such as hospitality, health care and retail, suggests that safety concerns also play a role in workers’ exodus, while vaccination mandates have also contributed to the ongoing trend.
#work
@ESG_Stock_Market

Leave a Comment

Don`t copy text!