Why many Americans are leaving their jobs:
Once the economy started reopening, confidence returned. People felt more comfortable leaving the safe confines of their homes and venturing out into the world. They attended concerts and sporting events. People started traveling again. Instead of ordering in food, families ate out at restaurants. businesses of all kinds needed to scramble to find workers. The folks that were previously let go are now in high demand and fought over.
Tired of the stress of the pandemic, annoyed by irritating bosses, frustrated by low wages and lack of future growth, workers decided that they’d quit—even if another job wasn’t lined up. It was important to their mental health and emotional well-being to extricate themselves from a toxic, dead-end job. Fortunately, in a hot job market, there are enough opportunities available that people don’t have to worry about finding a new job.
There are more than 57.3 million Americans working in the gig economy, according to Statista. I’ve noticed an interesting aspect of the JOLTS report that hasn’t been talked about. Buried deep in the notes of the JOLTS report was this fact about new hires: “excluded are transfers or promotions within the reporting location, employees returning from strike, employees of temporary help agencies, employee leasing companies, outside contractors or consultants.
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