The number of Americans quitting their jobs jumped to record territory, according to the Bureau of Labor Statistics. In November, 4.5 million Americans quit their jobs, beating out the previous record of 4.4 million set in September. ( 📸 : Getty Images)
Though the number of job openings fell more than expected in November, the number of Americans quitting their jobs jumped to record territory, the Bureau of Labor Statistics reported Tuesday, further illustrating the struggle employers are facing in filling—and retaining—jobs during the pandemic. The number of people quitting their jobs in November jumped to a record high 4.5 million—surpassing the previous record of 4.
Meanwhile, there were about 10.6 million open jobs at the end of November, down 529,000 from a month prior, when openings nearly matched the record 11.1 million set in July. Despite red-hot worker demand and the high quit rate, the number of hires in November was little changed at 6.7 million, and layoffs and terminations also stayed flat, at 1.4 million.The Labor Department's jobs report for December is set to be released Friday. Economists expect the unemployment rate to tick down to 4.1% from 4.2% one month prior. That would be the lowest point in more than a year but still well above pre-pandemic levels of about 3.5%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Record-Breaking 4.5 Million Americans Quit Jobs In November As Employers Struggle To Retain WorkersMeanwhile, the U.S. posted a near-record 10.6 million job openings.
Read more »
Quits in November at record high while job openings fell slightlyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Binance Invests $12M in Liquidity Platform WOO Network.BinanceLabs has made a $12 million strategic investment in WOOnetwork, which provides liquidity on Binance Smart Chain and other protocols. BrandyBetz reports
Read more »
Watch out for fake employers promising high paying work-from-home jobsWith so many people trying to find work-from-home jobs right now, the Better Business Bureau has a warning about employment scams.
Read more »
10 signs you should probably quit your jobThe New Year might mean it’s time for a new job.
Read more »
How to Quit Your Job—Without Burning Any BridgesAt the end of the day, you’ve got to look out for yourself first.
Read more »