The Job Pandemic – The Real Reason Everyone is Quitting
While it’s possible that this ‘job pandemic’ is just another myth, it is true that millions of people are quitting their jobs at record rates. Some are seeking better pay and perks, while others are rethinking their entire career path. There are a number of reasons to quit a job, from toxic workplace culture to pay inequity and burnout. No matter what the reason, it is important to think about your next career move.
In May alone, 4.3million Americans quit their jobs. These figures reflect the ongoing “Great Resignation” trend as companies struggle to fill vacant positions. There were 11.3 million vacant jobs in the U.S. as of May 31, and 6.5 million new employees.
The Great Resignation is a pandemic of economic woes. According to the Federal Reserve’s latest data, the share of workers quitting has increased to unprecedented levels since the early 2000s. It was 2.8% in April, 2.9% in September, and 3.0% in December. Since then, the number of workers quitting has risen steadily and is not slowing.