By Brigid Kennedy, The Week
A record number of workers voluntarily left their jobs in November, CNBC reports, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS.
The aptly-named quits level jumped to 4.53 million that month, an 8.9 percent increase from October. The November level also surpassed September’s previous record of 4.36 million, writes CNBC; when analyzed as a percentage of the workforce, “the quits rate of 3 percent matched September’s mark.”
The November quits rate was also “the most in the two decades that the government has been keeping track,” notes The New York Times.
Resignations were highest among restaurant and bar workers, retail workers, arts and recreation workers, and professional and business services, per The Washington Post. For example, “nearly 7 percent of restaurant and bar workers changed or quit jobs in November; 4.4 percent of retail workers did,” the Post notes. Health-care employees also drove much of the surge.
Categories: Economics/Class Relations