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Elizabeth Merritt

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

www.theguardian.com/...itting-us-unemployment-economy

Great Resignation

shared by Elizabeth Merritt on 05 Jan 22 - No Cached
  • “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
  • ...5 more annotations...
  • 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.
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