Shiloh
Editor, Senior Moderator
Source: https://www.cnbc.com/2021/10/12/a-r...august-led-by-food-and-retail-industries.html
A record 4.3 million workers quit their jobs in August, led by food and retail industries
Published Tue, Oct 12 202110:39 AM EDTUpdated Moments Ago
Jeff Cox
Key Points
Employment vacancies fell to 10.4 million during the month, a drop of 659,000 from July’s upwardly revised 11.1 million, according to the Labor Department’s JOLTS report.
The decline was well short of market expectations for 10.96 million job postings.
Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs.
Workers left their jobs at a record pace in August, with bar and restaurant employees as well as retail staff quitting in droves, the Labor Department reported Tuesday.
Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to the department’s Job Openings and Labor Turnover Survey. The rate is the highest in a data series that goes back to December 2000.
Quits have been seen historically as a level of confidence from workers who feel they are secure in finding employment elsewhere, though labor dynamics have changed during Covid-19 crisis. Workers have left their jobs because of health concerns and child care issues unique to the pandemic’s circumstances...
A record 4.3 million workers quit their jobs in August, led by food and retail industries
Published Tue, Oct 12 202110:39 AM EDTUpdated Moments Ago
Jeff Cox
Key Points
Employment vacancies fell to 10.4 million during the month, a drop of 659,000 from July’s upwardly revised 11.1 million, according to the Labor Department’s JOLTS report.
The decline was well short of market expectations for 10.96 million job postings.
Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs.
Workers left their jobs at a record pace in August, with bar and restaurant employees as well as retail staff quitting in droves, the Labor Department reported Tuesday.
Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to the department’s Job Openings and Labor Turnover Survey. The rate is the highest in a data series that goes back to December 2000.
Quits have been seen historically as a level of confidence from workers who feel they are secure in finding employment elsewhere, though labor dynamics have changed during Covid-19 crisis. Workers have left their jobs because of health concerns and child care issues unique to the pandemic’s circumstances...