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Quit Rate by Industry, Nov 2021

Quit Rates

No surprise there is still turmoil in the labor markets and employees are still looking for greener pastures. As outlined by Axios:

What’s happening: A record number of people quit in November — more than 4.5 million — matching the highest rate in the two decades of government tracking, Axios’ Emily Peck and Courtenay Brown report. 

Between the lines: Service sector workers have seen intense competition for their talent and quit at more than two times the national rate. 

“[P]eople aren’t quitting their jobs to leave the labor force. They are quitting their jobs to take other jobs,” said Heidi Shierholz, president of the progressive Economic Policy Institute.

The big picture: There are still about 10.6 million open roles in the U.S. and more than 6.9 million people who are currently unemployed as of November.

Axios Closer By Hope King and Nathan Bomey ·Jan 04, 2022