A record number of Americans quit their jobs in November

2022-01-04 20:31

publication
2022-01-04 20:31

A record number of Americans quit their jobs in November
A record number of Americans quit their jobs in November
photo: View Apart / / Shutterstock

The US Bureau of Labor Statistics (BLS) announced that a record number of Americans – 4.5 million – had left their jobs in November. Most people left the hospitality industry, according to CNN on Tuesday.

The rate of leaving the job in all sectors averaged 3%. The highest percentage – 6.1 percent – concerned the hotel and catering industry and health care. The number of employees leaving transport, storage and communal services has also increased.

“Employees left their jobs at record pace. Low wages in sectors directly affected by the pandemic were due to low wages,” explained Nick Bunker, research director at the Indeed Hiring Lab, an international team of economists who provide information to help with global labor market analysis.

According to CNN, the high rate of leaving jobs is a symptom of a “tight” market where workers can quickly find potentially better employment.

The November figures released on Tuesday do not yet account for the emergence of the Omikron coronavirus variant, while the University of California Los Angeles research and development department in a report released on Tuesday showed that nearly a quarter of fast food workers in the city’s area have contracted coronavirus in recent years. 18 months.

In the United States, there were 10.6 million jobs to be filled in November. This is a slight decrease compared to the 11 million jobs available in October.

As CNN calculates, the number of available jobs in the US peaked at 11.1 million in July last year. In November, employment increased in the financial and insurance sectors as well as in the federal government.

“People who quit work take a different job, not quit. (…) The labor market is gaining a lot of jobs every month,” explained Heidi Shierholz, chief economist at the Economic Policy Institute.

Andrzej Dobrowolski from New York

Source:PAP

About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

Check Also

Which prosumers will benefit from the discounts? What about changing the system and expanding the installation?

With the approaching date of transition to the new prosumer billing system, there are more …

Leave a Reply

Your email address will not be published. Required fields are marked *