Key Takeaways
- In November 2021, the US quits rate reached 4.2 percent, the highest in over 20 years of data collection, with 4.5 million workers quitting their jobs.
- Total job quits in the US hit a record 4.5 million in November 2021, surpassing previous monthly highs by over 10%.
- The quits rate for leisure and hospitality workers surged to 6.4% in November 2021, more than double the national average.
- Leisure and hospitality recorded the highest quits rate of 6.9% in October 2021.
- Healthcare and social assistance saw 1.9 million quits in the first 11 months of 2021.
- Retail trade experienced a 25% increase in quits YoY, totaling over 5 million in 2021.
- 58% of Americans planned to resign within 3-6 months as of March 2021.
- Millennials (ages 25-40) accounted for 52% of all quits in 2021.
- Women quit at a rate 20% higher than men in early 2021.
- 47% of US workers quit or planned to quit due to burnout in 2021.
- Lack of career development was cited by 43% of quitters in McKinsey survey.
- Poor work-life balance drove 35% of resignations per Gallup poll.
- US unemployment claims fell to 4.2% amid 4.5M quits in Nov 2021.
- Wage growth accelerated to 4.7% YoY by Dec 2021 due to quits.
- Job openings hit record 11 million in Dec 2021.
The Great Resignation saw historic job quits in 2021 as workers sought better opportunities.
Broader Economic Effects
Broader Economic Effects Interpretation
Demographic Trends
Demographic Trends Interpretation
Industry-Specific Impacts
Industry-Specific Impacts Interpretation
Quit Rates and Turnover
Quit Rates and Turnover Interpretation
Reasons for Resignation
Reasons for Resignation Interpretation
Sources & References
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