When the number of Americans quitting their job surged to more than four million in a single month for the first time in April 2021, the “Great Resignation” became the labor market trend that everybody was talking about.
As 2021 drew to a close, a record number of almost 48 million Americans had quit their job, up from the previous record of 42 million resignations in 2019, in which was already considered a historically tight labor market at the time. And while the “Great Resignation” is making fewer headlines these days, the trend turned out to be much more than a fad. In fact, the number of monthly resignations hasn’t dipped below four million since May 2021, and it’s more than likely that the upcoming December JOLTS report will show that more than 50 million Americans have quit in 2022.
Check out the stats in this video from Statista
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