The Great Resignation is underway in America. According to the recent BLS data, 4.3 million American workers voluntarily left their jobs in August, equating to a record quit rate of 2.9%.
The pandemic-stricken last 18 months has given everyone plenty of time to have an existential crisis and rethink what it means to have a job. People are quitting low paying jobs for higher paying jobs and great jobs for even better jobs. People are quitting jobs to start their own businesses. Some are also quitting because they don't actually need the money – according to the Indeed Hiring Lab, 20.9% of unemployed workers say that having an employed spouse has kept them from urgently seeking work.
On the unpleasant side of the job quitting spectrum, many are quitting because of childcare issues, concerns about the spread of Covid or just because they are burned out and need time to recharge.
Short Squeez Takeaway: It's not a bad time to be an American worker. Covid-19 has given the power back to the employees, who are negotiating for higher salaries and perks like work from home. If you are looking to quit your job, here is some advice on how to get a better one from those who have done it.