



Recruiting News Network
Recruiting
News
OperationsThe Recruiting Worx PodcastMoney + InvestmentsCareer AdviceWorld
Tech
DEI
People
People on the Move
The Leaders
The Makers
People
People on the Move
The Leaders
The Makers
Brand +
Marketing
Events
Labor +
Economics
SUBSCRIBE





Labor + Economics

Resignation Avalanche: Record Number of Americans Quit Their Jobs in November

RNN News Update

January 4, 2022

Labor + Economics

Resignation Avalanche: Record Number of Americans Quit Their Jobs in November

RNN News Update

January 4, 2022

Photo by Ümit Yıldırım on Unsplash

As predicted, the number of Americans quitting their jobs continues to set records. The latest Job Openings and Labor Turnover (JOLT) report from the US Bureau of Labor and Statistics shows that 4.5 million Americans quit their jobs in November. The quits rate, which serves as a measure of workers’ willingness or ability to leave jobs, rose in November to its September peak of 3% after sliding back slightly in October. However, the total number of quits in November slightly edges out September to set a new total record.

In October, the Department of Labor reported that 4.2 million had quit or changed jobs, and in September, 4.4 million - the previous record. November's number is 4.5 million, or 3.4%.

The large rise in quitting was concentrated in low wage sectors. By industry, job openings declined most notably in accommodation and food services, with vacancies falling by 261,000 but remaining at a still-elevated 1.3 million in total. Construction and non-durable goods manufacturing employers also saw notable drops in job openings at 110,000 and 66,000, respectively. Resignations amongst minority groups in the US continue to hit record levels.

Related: Over 20 Million Americans Plan to Resign Over Next Two Months

The report is pre-omicron variant, which has many economists worried that the trend will only accelerate among workers in highest-risk occupations, which are often amongst the lowest wage roles. In an email to Yahoo Finanace, Chris Rupkey, chief economist for FWDBONDS, wrote: "Companies have shifted their demand for workers at a pace that is normally only seen during economic booms. The economy is booming today but for how long is the question with the spread of the latest COVID variant that is closing many schools and slowing commerce and buyer traffic at many shops and malls."

Total hires were little changed in November at 6.7 million. Layoffs and discharges were also steady.

Job Openings Lower Than Expected

The number of job openings in November totaled 10.56 million. This comes in lower than a Bloomberg survey of economists, which had called for a rise to 11.1 million job openings. While the drop was the largest since April 2020, vacancies remain well above pre-pandemic levels.

The level, however, was well ahead of the 6.88 million total of those out of work and looking for jobs in November. The labor force participation rate remained depressed compared to pre-pandemic levels, and the civilian labor force was still down by about 2.4 million participants versus levels from February 2020.

‍

‍

The Great Resignation picks up speed, particularly across low wage sectors

What we're reading

‘We’re all fighting the giant’: Gig workers around the world are finally organizing

by
Peter Guest
-
rest of world

Gig workers are connecting across borders to challenge platforms’ power and policies

Got Zoom fatigue? Out-of-sync brainwaves could be another reason videoconferencing is such a drag

by
Dr. Julie Boland
-
The Conversation

I was curious about why conversation felt more laborious and awkward over Zoom and other video-conferencing software.

How to Purchase an Applicant Tracking System

by
Dave Zielinski
-
SHRM

Experts say the first step in seeking a new ATS should be to evaluate your existing recruiting processes.

View All Articles

Events
No items found.
View All Events
Related Articles

Generational divides: Benefits for multigenerational workforces

March 25, 2025

Workers say it's a 'tough' time to find jobs with hiring rates below prepandemic levels

February 3, 2025

© 2024 recruiting news network.
all rights reserved.



Categories
Technology
Money
People
TA Ops
Events
Editorial
World
Career Advice
Resources
Diversity & Inclusion
TA Tech Marketplace
Information
AboutContactMedia KitPrivacy Policy
Subscribe to newsletter
