More than 4.4 million people quit their jobs in September, but there's more to the 'Great Resignation' than just worker dissatisfaction.
Economists at Barclays have a different theory. They say the trend is less about resignation than it is about hesitation — worries over Covid-related factors that likely will subside in the days ahead.that indicates workers quitting in record numbers also shows hiring progressing at a brisk pace — nearly 6.5 million in September, more than 2 million more than those who quit.
It all adds up to a jobs market in which people leaving their positions is driven more by temporary Covid concerns than a general strike, as some have suggested. "Indeed, the high quit rate is a red herring for understanding the sluggish return of workers to the US labor market following the COVID-19 pandemic, in our view," Millar wrote. "Instead, the true cause is a hesitation of workers to return to the labor force, due to influences tied to the pandemic such as infection risks, infection-related illness, and a lack of affordable childcare.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is It the Great Resignation or the Great Reprioritization?What do workers want? An investigation by scott_dust showed strong preferences for remote work in addition to some surprising findings.
Read more »
Economists Trace Great Resignation To Comedy Central Airing ‘Office Space’ Constantly During Workers’ Formative YearsMINNEAPOLIS—With record numbers of Americans quitting their jobs, a team of economists published data Friday that traces the trend known as the Great Resignation to Comedy Central’s continuous airing of Office Space during the formative years of the nation’s workforce. “An analysis of the classic comedy’s frequent…
Read more »
Can ‘Great British Bake Off’ Be Saved From Itself?A roundtable discussion on where our favorite comfort watch went wrong, our love of Lizzie Acker, and the problem of Matt Lucas
Read more »
Great Outfits in Fashion History: Sadie Sink in a Tea-Length Miu Miu DressConsider this timeless, ankle-hitting silhouette for your next holiday party.
Read more »
Chic Coffee Table Books That Make Great Holiday GiftsYou know, since home is where we spend most of our time these days.
Read more »
Angelina Jolie Opens Up About Raising Her ‘Pretty Great’ 6 Kids: ‘I’m Very Human With Them’Jolie spoke candidly about her children’s impact on her as they become young adults.
Read more »