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Elizabeth Merritt

Quitting is just half the story: the truth behind the 'Great Resignation' | US unemploy... - 1 views

  • “quits”, as the Bureau of Labor Statistics calls them, hit a high in September, with over 4.3 million people leaving their jobs, and was followed by a modest reduction of that trend in October and November.
  • n Tuesday the labor department said there were 10.6m job openings at the end of November and 6.9 million unemployed people – 1.5 jobs per unemployed person. The number of quits hit a new high of 4.5m.
  • The top reasons cited by experts continue to be lack of adequate childcare and health concerns about Covid
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  • many quit in search of better work opportunities, self employment, or, simply, higher pay.
  • The recent trend towards higher pay exists in the context of decades of low-wage growth, as until recently, wages in the US had stagnated.
  • The current competitiveness of the labor market – at least the proportion that is driven by gap between the high demand for workers and the supply of those searching for work – might be temporary.
  • in September and October of this year, there were 1.4 million fewer mothers actively engaged with the labor force than those same months in 2019.
  • Mothers with college degrees and telework-compatible jobs were more likely to exit the labor force and more likely to be on leave than women without children. She also found that teachers are most likely to leave the labor force as compared to their counterparts in other industries.
Elizabeth Merritt

Why is the great resignation happening? - Quartz - 0 views

  • Data from the Bureau of Labor Statistics on people who left their jobs shows that people working in transportation and manufacturing quit at a lower rate than people working in professional and business services, and below the overall private industry average. Among industries with lower wages, hospitality did see a high level of resignation and job changes, though the industry typically has very high turnover (up to 70% to 80% yearly).
  • Nikolaidis’s research shows that some of the strongest determinants of lower mood after covid-19 were external social circumstances, including income or economic distress, as well as the person’s mental and socioeconomic conditions prior to the pandemic. People working in low-wage and hourly jobs have long expressed significant stress associated to their work, and their burnout epidemic arguably pre-dates covid-19.
  • The US administration seems aware of the looming crisis, and has proposed a mental health strategy with an overall budget of about $1 billion for 2023, to provide mental health services, recruit a mental health workforce, provide support to frontline health workers, and strengthen the role of community behavioral health clinics.
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