In this article, we would like to give a more detailed description of what happens…
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.
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
❗️🇺🇸#seasonreferences #fatherland #usa On October 13, the "official" reporting season for 3Q starts in the…
The first target for TMF The first target for TMF. If you like this format…
Already available! The weekly World Economic Digest (Wednesday) on 26.08.2023 presents the most significant economic…
Already available! The weekly World Economic Digest (Wednesday) on 20.08.2023 presents the most significant economic…
Already available! The weekly World Economic Digest (Wednesday) on 13.08.2023 presents the most significant economic…
COLLECTION OF THE RECESSION: HERE ARE SOME OF WALL STREET'S BEST STOCKS IN CASE OF…