Afghanistan - 4.5 million workers quit their jobs in November
(MENAFN- Khaama Press)
Workers quit their jobs in record numbers in November while the total employment openings pulled back a bit.
4.53 million workers quit their job only this month, according to the department's Job Openings and labor turnover Survey.
That represented an 8.9% increase from October and broke September's high-water mark of 4.36 million.
As a percentage of the workforce, the quits rate of 3% matched September's mark.
Workers have been leaving their positions partly in response to increased mobility in the labor market as job openings strongly outnumber those looking for work.
For November, the number of job openings totaled 10.56 million, lower than the 11 million estimates from FactSet and a decline from 11.09 million in October.
The level, however, was well ahead of the 6.88 million total of those out of work and looking for jobs in November,
The job openings rate was 6.6%, down from about 7% in October but well ahead of the 4.5% from the prior year.
“The Great Resignation shows no sign of abating, with quits hitting a new record. The question is why, and the answers are for starkly different reasons,” said Robert Frick, corporate economist at Navy Federal Credit Union.“COVID-19 burnout and fear are continuing, but also, many Americans have the confidence to quit given the high level of job openings and rising pay.
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