Great Resignation: 4.4 million quit jobs in February

Great Resignation: 4.4 million quit jobs in February

Mar 30, 2022

371 Views

0 comments

The worker shortage has been ongoing throughout the pandemic and there are no signs of it being resolved. Reports show that there were 11.3 million job openings in February, which was slightly higher than what economists had predicted. According to the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS), for every job-seeking American, there were just below 1.8 positions available, matching the high from December.

Last month, there were more jobs available in arts, entertainment, recreation, educational services and with the federal government. Meanwhile, the number of American workers who quit their jobs rose to 4.4 million in February, which is higher than the quits number in January. More workers quit in retail, manufacturing and state and local government education jobs. Fewer people quit finance and insurance jobs. 

In terms of hiring, companies hired 6.7 million workers in February. The labor market has recovered much from the early pandemic days and is hiring a lot more now. A better look at the job market and the employment situation is due on Friday when the BLS releases the March jobs report.

Source: CNN 

Previous days news

Comments

    Article
    Effective Ways to Stay Productive While Telecommuting

    Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...

    How to Avoid Burnout in 2022

    Whatever your work setting may be, it’s important to stay productive while you don’t burn out. Here ...

    Top paying Careers in 2021

    The economy may be taking its time with recovery, but hiring and job hunting are at an all-time hig ...

    The Unionization Wave

    From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...

    Show more news