“A Record Number Of Americans Just Quit Their Job, As Job Openings Surpass Unemployed Workers By A Record 5.6 Million”
May 4, 2022
“…Last month, the BLS reported that the US job market was plagued by a near record 11.27 million job openings. Then moments ago, the BLS published its latest, March JOLTS report according to which job openings just hit a new all time high 11.549 million, blowing away expectations of 11.2 million, up 205K from February and up 100K from the previous record high of 11.448 million hit in December of 2021…
One last observation comes from the February quits rate: after the number of Americans quitting their job hit an all time high 4.510 million in November, it then dropped modestly for a few months in a row, but then reversed sharply higher again in February and March, rising by 284K in the two months and increasing to a record 4.536 million, which confirms that once again, more Americans than ever are willing to take their chances and quit their job in hopes of finding higher pay elsewhere…”