BUSINESS

American Workers Exit The Job Market In Millions

Americans quit their jobs at an all-time monthly high of 4.5 million people, at the end of November.

That figure surpasses the previous high reached in September when 4.4 million people left their jobs.

Leisure and hospitality companies, such as restaurants, bars, and hotels, saw the greatest number of employee exits, with more than 1 million workers quitting in November alone, the U.S. Department of Labor said on Tuesday.

Meanwhile, there were big increases in the health care and social assistance fields as well as the transportation, warehousing, and utility sectors.

All four U.S. regions reported a rise in the number of people quitting their job

The U.S. has 10.4 million job openings, surpassing pre-pandemic levels. In November 2019, there were 6.8 million job openings.

Over the 12 months, ending in September 2021, new hires grew to 73.3 million and separations totaled 67.7 million, leaving a net gain of 5.6 million.

Economists polled by Reuters had forecast 11.075 million vacancies.

Readers Bureau

Edited by Jesus Chan

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