Quitting Time
“Now Hiring” signs are plastered in the windows of just about every business all over the country, and employers have had to offer better pay, expanded benefits, and even sign-on bonuses to attract workers. While some jobs are more recession-proof than others, several industries have seen an exodus of workers. According to the latest data, 4.3 million workers left their jobs in February 2022, an increase of 94,000 over January, resulting in a record 5 million more jobs open than unemployed people in the U.S.
Cheapism reviewed data from the Bureau of Labor Statistics and averaged it for the final five months of 2021 to pinpoint the industries seeing the biggest labor forces losses. Our list includes data for “quit rates,” representing jobs people leave voluntarily as a percentage of the total employment for those industries. We got insight on the trends from Maurice "Mo" Cayer, a distinguished lecturer in industrial and organizational psychology and management at New Haven University in Connecticut.