Brief - The Hustle

People are still quitting in droves

Written by Jacob Cohen | Jan 5, 2022 12:33:17 PM

The number of Americans quitting their jobs hit an all-time high of 4.5m in November.

Folks in hospitality quit their job the most, with a quits rate of 6.1%.

Heidi Shierholz, president of the Economic Policy Institute, points out that at the same time, 6.7m people were hired. “People who quit are taking other jobs, not leaving the workforce,” she wrote in a tweet.

In other words, “The Great Resignation” is less of a mass movement of people aimlessly screaming out “I QUIT!” and more of a national job swap.