“Great Resignation” sequel in December 2021
Written by ESR News blog editor Thomas Ahearn
The ‘great quit’ in the United States continued as 4.3 million workers quit their jobs in December 2021 after a record streak of 4.5 million in November 2021, according to the Monthly Job Openings Survey. and Job Rotation (JOLTS) published by the United States Department. of Labor’s Bureau of Labor Statistics.
The JOLTS defines “quits” as employee-initiated voluntary quits for an entire month, while the “quit rate” is the number of quits during an entire month as a percentage of total employment. The “dropout rate” decreased to 2.9% in December 2021 after a run of 3.0% in November 2021.
The Job Openings and Labor Turnover Survey (JOLTS) estimates for January 2022 are scheduled to be released on March 9, 2022. More information on the impact of the COVID-19 pandemic on the JOLTS is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-job-openings-and-work-turnover-data.htm.
The ‘big quit’ that saw so many quit their jobs in 2021 is set to continue in 2022, according to a survey by a job seekers resource which found around one in four respondents said they intended to find a new job in the new year, setting the stage for another year of labor market turbulence.
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