Some 4.3 million Americans quit or changed jobs in January, holding steady compared to December but still record high territory in yet another sign that workers continue to have the upper hand in a tight labor market.
11.3 million job openings that month, as the omicron variant picked up speed in many parts of the country, according to a new report by the Bureau of Labor Statistics.
The latest report follows months of steady gains in the labor market. The U.S. economy added a whopping 678,000 jobs in February, sending the unemployment rate to a pandemic low of 3.8 percent, the Labor Department reported last week. As hiring picks up steam, many Americans — particularly women and those over 55 —who left the labor force early in the pandemic are gradually coming back.Even so, the number of job openings continues to outpace available employees.
All told, nearly 50 million Americans have quit or changed jobs in the last year. Pollak says she expects the high rate of job quits to continue in coming months as more companies begin requiring workers to come back in person. More than 60 percent of job-seekers on Ziprecruiter say they would prefer remote positions, she said.“Flexibility and remote work are becoming more important,” she said.
Within a week, he began a higher-paying job as a dispatcher for the City of Austin. He makes about $20 an hour now and has the option to work from home most days. When he does have to show up, he’s one of only a few people in the office.“It’s quite ideal,” the 42-year-old said. “I am so glad I quit.”The booming economy, combined with a growing desire for work-life balance, have prompted millions to leave their jobs in search of better opportunities.
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