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Sunday, August 7, 2022

Record U.S. Job Quits Surpass 4 Million

Record number of labor resignations

By Andrea Hernandez. Peninsula 360 Press [P360P].
According to a Bureau of Labor Statistics report (BLS) in September of this year saw a record 4.4 million Americans quit their jobs. 

During the same month, there were 10.4 million job openings in the U.S., with health care and social assistance accounting for the largest number of openings, while educational services had the fewest.

The high labor supply could explain part of the phenomenon of resignations in the country, since when people are able to compare a wide variety of jobs, and choose those that are better paid, they could find themselves in the possibility of abandoning their current job and looking for a "better" one.

Another possible explanation is that in September a new increase in COVID-19 infections and the appearance of the Delta variant were reported, which influenced some people to seek jobs with greater possibilities of protection against the pandemic, such as home-based jobs.

The industry that reported the highest number of job abandonment was the arts, entertainment and recreation industry, which often requires face-to-face work with few telecommuting options.

This change in the U.S. labor market could mark an important milestone, as workers would now have the ability to condition employers to offer better pay, as well as wage increases and monetary bonuses in exchange for remaining with their companies.

The incipient search for better wages is also reflected in the increase of strikes by various labor forces and unions. This is the case of the #BlackFridayBlackout movement, in which thousands of people have demonstrated on social networks against working on Black Friday in exchange for a salary that they consider unfair compared to the profits obtained by large employers on that day.

You may be interested in: Call for strike during Black Friday

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