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Record 4.3 million Americans quit their jobs in August – Honolulu, Hawaii

Honolulu, Hawaii 2021-10-12 11:21:55 –

A sign in the parking lot of Mariano’s grocery store advertises that he will be able to work in Chicago on Friday, October 8, 2021. (AP Photo / Charles Rex Arbogast)

Washington (AP) — Tuesday’s report clearly shows one of the reasons American employers are struggling to get the job done.

NS The Ministry of Labor said It jumped to 4.3 million in August, the highest record dating back to December 2000, up from 4 million in July. Recruitment slowed in August, according to the report, with available employment down from a record 11.1 million last month to 10.4 million.

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The data strongly suggest that the Delta variant caused havoc in the job market in August. The surge in COVID-19 cases led to a surge in smoking cessation in restaurants and hotels, as well as in other public jobs such as retail and education.

Smoking cessation also increased the most in the South and Midwest in the two regions with the worst COVID outbreaks in August, according to the government.

When a worker quits, it is usually considered a good sign of the employment market. This is because people usually quit their jobs when they already have another position or are confident that they can find another position. The significant increase in August includes some product news. This may reflect the fact that employers are anxious for workers and are raising wages, so many workers feel they can get better wages elsewhere. I have.

However, the fact that the increase in smoking cessation was concentrated in sectors with close contact with the general public shows that fear of COVID also played a major role. Many may have quit without another job.

According to the government, employment was weak for the second straight month in September, with the unemployment rate dropping from 5.2% to 4.8%, but adding only 194,000 jobs.

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Tuesday’s report, known as the Jobs and Turnover Survey, or JOLTS, provides a more detailed overview of the job market. Employment reported on Friday is the net total after taking into account job acquisition and severance, severance and furlough. Tuesday’s report included raw figures, showing that total employment in August plummeted from 6.8 million in July to 6.3 million.

Record 4.3 million Americans quit their jobs in August Source link Record 4.3 million Americans quit their jobs in August

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