Americans quit their jobs at record pace for 2nd month - News Summed Up

Americans quit their jobs at record pace for 2nd month


© Provided by The Canadian PressWASHINGTON (AP) — Americans quit their jobs at a record pace for the second straight month in September, while businesses and other employers posted a near-record number of available jobs. The Labor Department said Friday that 4.4 million people quit their jobs that month, or about 3% of the nation's workforce. There were 10.4 million job openings, down from 10.6 million in August, which was revised higher. The figures point to a historic level of turmoil in the job market as newly-empowered workers quit jobs to take higher pay that is being dangled by increasingly-desperate employers in need of help. Incomes are rising, Americans are spending more and the economy is growing, and employers have ramped up hiring to keep the pace.


Source: CBC News November 12, 2021 19:10 UTC



Loading...
Loading...
  

Loading...