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Why you should be celebrating the record number of people saying, 'I quit'

Mixetto/Getty Images In August, 4.3 million Americans quit their jobs, extending a five-month streak of historically high walkouts. While quitting could hold up the wider economic recovery, workers who quit likely find better pay and productivity. Americans are simply capitalizing on a wide range of job opportunities, one labor-market economist told Insider. Americans are ditching their jobs at a record pace. While employers bemoan a labor shortage, the extraordinary amount of quitting su...
Tags: US, Trends, Research, Rabe, Bunker, University of Massachusetts Amherst, Federal Reserve Bank of Chicago, Nick Bunker, DataTrek Research, Arindrajit Dube, Ben Winck Juliana Kaplan, Jessica Rabe DataTrek


A Record Number of Workers Are Quitting Their Jobs, Empowered by New Leverage (slashdot)

The number of people quitting their jobs has surged to record highs, pushed by a combination of factors that include Americans sensing ample opportunity and better pay elsewhere. From a report: Some 4.3 million people quit jobs in August, according to the monthly survey -- about 2.9 percent of the workforce, according to new data released Tuesday from the Department of Labor. Those numbers are up from the previous records set in April and nearly matched in July, of about 4 million people quittin...
Tags: News, Msmash, Nick Bunker, Department of Labor Those


A Record Number of Workers Are Quitting Their Jobs, Empowered by New Leverage

The number of people quitting their jobs has surged to record highs, pushed by a combination of factors that include Americans sensing ample opportunity and better pay elsewhere. From a report: Some 4.3 million people quit jobs in August, according to the monthly survey -- about 2.9 percent of the workforce, according to new data released Tuesday from the Department of Labor. Those numbers are up from the previous records set in April and nearly matched in July, of about 4 million people quittin...
Tags: Tech, Nick Bunker, Department of Labor Those


Another 4 million workers quit for the 5th month in a row, and it shows how the pandemic is still making people rethink what they want out of work and life

andresr/Getty Images In August, more than 4 million workers quit their jobs - marking the fifth month in a row of record quits. It's a trend that's only accelerated and shows no signs of stopping as the pandemic continues on. Workers are likely quitting over work conditions, pay, the virus itself, or rethinking their own lives. The number of people quitting reached yet another record high in August, with about 4.3 million Americans leaving their jobs behind - especially in retail,...
Tags: US, Trends, Bank Of America, Glassdoor, BLS, Klotz, Nick Bunker, Daniel Zhao, Grace Dean, Madison Hoff, Anthony Klotz, Bureau of Labor Statistics Job Openings, Juliana Kaplan Andy Kiersz Madison Hoff


Another 4 million workers quit in the 5th month in a row of record exits, and it shows how the pandemic is still making people rethink what they want out of work and life

andresr/Getty Images In August, more than 4 million workers quit - marking the fifth month in a row of record exits. It's a trend that's only accelerated and shows no signs of stopping as the pandemic continues. Workers are likely quitting over work conditions, pay, the virus, or contemplation of their lives. The number of people quitting reached yet another record high in August, with about 4.3 million Americans leaving their jobs behind - especially in retail, food services, and...
Tags: US, Trends, Bank Of America, Glassdoor, BLS, Klotz, Nick Bunker, Daniel Zhao, Grace Dean, Madison Hoff, Anthony Klotz, Bureau of Labor Statistics Job Openings, Juliana Kaplan Andy Kiersz Madison Hoff


America is back to school but teachers aren't

Empty classroom in an elementary school. Education Images/Universal Images Group/Getty Images The September jobs report found a 144,000 decrease in local education employment. The shocking loss could be partially due to failures in accounting for remote and hybrid learning. Still, teachers have been leaving their jobs during the pandemic due to stress and low wages. The US fell short of job estimates in September, adding just 194,000 payrolls. And teachers were not immune to these disappoi...
Tags: Virginia, US, America, Barack Obama, Trends, United States, Glassdoor, Bunker, Zhao, BLS, Betsey Stevenson, Chesterfield County Public Schools, Nick Bunker, Daniel Zhao, CNBC Insider, J Calvin Frye


Democrats are allowing jobless aid to expire just as an eviction ban lapses, which risks leaving 10 million unemployed feeling 'neglected' during the Delta surge

The Delta variant is stymieing the economic recovery, but Congress isn't extending pandemic aid. Samantha Lee/Insider The economy is rebounding, but millions of Americans are still out of work. The Delta variant threatens to set back the pace of the recovery as jobless aid programs and an eviction freeze end. "It's like a double hit," economist Claudia Sahm said. "This is the ending that fits the crisis." See more stories on Insider's business page. The American economy is grow...
Tags: Supreme Court, Congress, Senate, White House, Trends, Joe Biden, Gop, House, Delta, Federal Reserve, Biden, Universal Studios, Trump, Boston University, Aaron, Orlando Florida


Another 4 million workers quit for the 4th month in a row, and it shows how Americans are rethinking work in a way they haven't in decades

US workers quit at a record rate for the fourth month in a row in July. Thomas A. Ferrara/Newsday RM/Getty Images For the fourth month in a row, workers quit their jobs at a record rate. It may reflect workers' desire for higher wages, better benefits, or more job satisfaction. But it could also reflect the Delta variant holding back recovery and keeping people from in-person work. See more stories on Insider's business page. A record number of workers quit their jobs in July - aga...
Tags: US, Trends, Delta, Fortune, Elise Gould, Nick Bunker, Ben Winck, Ferrara Newsday, Juliana Kaplan Andy Kiersz, Bureau of Labor Statistics Job Openings and Labor


Another 4 million workers just quit for the fourth month in a row, and it shows how Americans are rethinking work in a way they haven't in decades

Photo of a help wanted sign along Middle Country Road in Selden on July 20, 2021. Thomas A. Ferrara/Newsday RM/Getty Images For the fourth month in a row, workers have quit their jobs at a record rate. It may reflect workers' desire for higher wages, better benefits, or more job satisfaction. But that quits rate could also reflect how the Delta variant is holding back recovery, and keeping people from in-person work. See more stories on Insider's business page. A record number of w...
Tags: US, Trends, Bureau of Labor Statistics, Delta, Fortune Magazine, Selden, Middle Country Road, Elise Gould, Nick Bunker, Ben Winck, Ferrara Newsday, Winck, Juliana Kaplan Andy Kiersz


People are still working from home as the Delta variant pushes back employers' and workers' office plans

Gary Yeowell/Getty Images The Delta variant and coronavirus have forced some employees to stay working from home. In August, about 13% of employed people worked remotely because of the pandemic, according to the Bureau of Labor Statistics. The number of remote workers stalled from the previous month after dropping earlier in the year. See more stories on Insider's business page. The Delta variant and the ongoing pandemic seem to still be affecting plans to have workers return to the o...
Tags: Apple, Google, Nbc, Cdc, New York City, Nbc News, US, Trends, Bloomberg, Bureau of Labor Statistics, Delta, Manhattan, Goldman Sachs, Doordash, Glassdoor, Zhao


3 charts show how Delta has flattened hiring at hotels, restaurants, and retail stores

Westend61/Getty Images These three charts take a look at the employment situation as the economy recovers. Leisure and hospitality didn't gain any jobs after several months of consecutive growth. The Delta variant may have slowed the pace of recovery, according to Indeed's Nick Bunker. See more stories on Insider's business page. Restaurants and hotels, which have made up a lot of the job gains over the summer, saw no employment growth in August. Retail also saw another month ...
Tags: US, Trends, Delta, Glassdoor, Insider, Bunker, Zhao, BLS, Nick Bunker, Daniel Zhao, Juliana Kaplan, Madison Hoff, National Occupational Employment, Nick Bunker See, Delta Bunker


3 things that show Elon Musk is right about the future - physical work will be a choice

Tesla CEO Elon Musk in Germany on Friday. Patrick Pleul/Pool via Reuters Tesla CEO Elon Musk says physical work will be a choice in the future. Musk is building a robot to do physical tasks, and workers are already leaving that kind of work behind. Job searches for remote opportunities are up, as is job switching - workers are leaving in-person industries. See more stories on Insider's business page. Last week, Tesla CEO Elon Musk presented what's becoming an increasingly less radi...
Tags: Elon Musk, Germany, America, Trends, Tesla, Bureau of Labor Statistics, Yale, Musk, Zhang, Tesla CEO Elon Musk, Census Bureau, American Community Survey, Jenny Zhang, DOMINICK REUTER, Nick Bunker, Juliana Kaplan


The US economy has more open jobs than people looking for work

People seeking employment speak to recruiters at the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds. Paul Hennessy/SOPA Images/LightRocket/Getty Images Job openings exceeded available workers in June for the first time since the pandemic recession began. It's unusual for such labor-market tightness to emerge so early in an economic recovery. Businesses have raised wages at the fastest pace in decades to attract workers amid the shortage. See ...
Tags: Florida, US, Trends, Paul Hennessy, Economic Policy Institute That, Nick Bunker, Ben Winck Madison Hoff


Black workers saw a big drop in unemployment in July, but many left the labor force altogether

People line up to receive unemployment benefits. John Sommers II/Getty Images The unemployment rate for Black Americans dropped by 1.0 percentage point in July. But that's in part because more Black Americans left the labor force altogether. One expert said that it's a "mystery" why labor force participation dropped. See more stories on Insider's business page. July's jobs report brought more jobs than expected, with the US adding 943,000 nonfarm payrolls. The unemployment ...
Tags: US, Trends, Bunker, National Women s Law Center, AFL CIO, Tucker, The Black, Andy Kiersz, Nick Bunker, John Sommers, Ben Winck, Juliana Kaplan Madison Hoff, Jasmine Tucker, William Spriggs


The economy's hot vax summer is going strong

Hot vax summer applies to the economy too. Jeffrey Greenberg/Universal Images Group via Getty Images July's jobs report showed that the US added nearly a million jobs last month. Wages and consumer demand have also shown strong growth this summer. The economic reopening has been booming for several months, so hot vax summer was on when the Delta variant spiked. See more stories on Insider's business page. After a year of pandemic lockdowns, America was looking forward to a "hot vax...
Tags: US, America, Trends, Delta, Bureau of Economic Analysis, Andy Kiersz, Nick Bunker, COVID, Jeffrey Greenberg Universal Images Group


2 charts show what kind of jobs came back big in July - and where recovery is a long way off

Waiter wearing PPE during Covid-19 pandemic serving food to diners wearing masks. halbergman/Getty Images Nonfarm payroll gains in July were higher than estimates, adding 943,000 jobs. At the industry level, restaurants and hotels continued their large monthly gains. These charts look at monthly employment changes from June to July as well as from before the pandemic. See more stories on Insider's business page. There were a lot of bright spots in the latest jobs report, including anot...
Tags: US, Trends, Glassdoor, BLS, Jed Kolko, Nick Bunker, Daniel Zhao, COVID, Madison Hoff, National Occupational Employment


July jobs report beats estimates as businesses add 943,000 payrolls amid steady recovery

Restaurant storefront on Middle Neck Road in Great Neck has "Help Wanted" sign in window on July 15, 2021. Chris Ware/Newsday RM/Getty Images July job gains totaled 943,000 payrolls in July, exceeding the median estimate of 870,000 new jobs. The unemployment rate fell to 5.4% from 5.9%, beating the 5.7% forecast. The print shows job creation persevering as COVID cases rebounded and enhanced unemployment benefits lapsed. See more stories on Insider's business page. Job growth in the US ...
Tags: US, Trends, Bloomberg, Bureau of Labor Statistics, Newsday, Bankrate, BLS, Great Neck, Chris Ware, Greg McBride, Nick Bunker, Federal Reserve Chair Jerome Powell, Ben Winck Madison Hoff, Middle Neck Road


Leisure and hospitality workers are getting their biggest raise in 20 years

A waitress takes an order from a customer at the reopening of Langer's Delicatessen-Restaurant in Los Angeles on June 15, 2021. FREDERIC J. BROWN/AFP via Getty Images Wages and salaries grew by 0.9% from the first to second quarter of 2021. Leisure and hospitality jobs grew by even more - a lot more. Hospitality wages and salaries shot up 2.8%, the largest percent increase for the industry since 2001. See more stories on Insider's business page. Workers are hard to find for employe...
Tags: Los Angeles, Trends, Associated Press, Bunker, BLS, Frederic J Brown, Nick Bunker, Joblist, Madison Hoff, Indeed Hiring Lab, Langer s Delicatessen Restaurant, Getty Images Wages, Bureau of Labor Statistics Wages


The number of Americans laid off from their jobs hit a record low in May, as companies cling onto their workers during the crippling labor shortage

Layoffs in the US are at a record low, a new report showed. Willie B. Thomas/Getty The number of people being laid off in the US hit a record low in May, jobs data revealed. It suggests companies are keeping hold of their staff amid the huge labor shortage. Many companies are struggling to find staff, and have been raising wages as a result. See more stories on Insider's business page. The number of layoffs in the US hit a record low in May, jobs data from the Bureau of Labor Statistic...
Tags: US, Trends, Federal Reserve, BLS, Bureau of Labor Statistics BLS, US Chamber of Commerce, Axios, Nick Bunker, Willie B Thomas Getty, Kate Duffy


Leisure and hospitality businesses are hiring a ton - and they're paying people more

Noam Galai/Getty Images Leisure and hospitality added 343,000 payrolls in June, making up 40% of total job gains. The June jobs report also showed higher wages for those workers, suggesting pay increases are helping hiring. But wages in the sector are still recovering from the hit caused by the coronavirus recession. See more stories on Insider's business page. The June jobs report added 850,000 payrolls, going beyond expectations as the economy continues to recover from the pandemic....
Tags: Twitter, Obama, Trends, Gop, Costco, Economic Policy Institute, Betsey Stevenson, Heidi Shierholz, Noam Galai Getty, Nick Bunker, Ayelet Sheffey Andy Kiersz Madison Hoff


Leisure and hospitality workers got a ton of jobs in June - and they got a raise

Noam Galai/Getty Images Leisure and hospitality added 343,000 payrolls in June, making up 40% of total job gains. The June jobs report also showed higher wages for those workers, suggesting pay increases are helping hiring. But wages in the sector are still recovering from the hit caused by the coronavirus recession. See more stories on Insider's business page. The June jobs report added 850,000 payrolls, going beyond expectations as the economy continues to recover from the pandemic....
Tags: Twitter, Obama, Trends, Gop, Costco, Economic Policy Institute, Betsey Stevenson, Heidi Shierholz, Noam Galai Getty, Nick Bunker, Ayelet Sheffey Andy Kiersz Madison Hoff


Only 10% of job seekers are rushing back to the workforce, hiring giant Indeed says

Paul Hennessy/SOPA Images/LightRocket/Getty Images Just 10% of job seekers are urgently looking for work as firms rush to rehire, according to Indeed. Virus fears and employed spouses were the most common reasons cited for non-urgent job searches. More Americans should return to work as schools reopen and COVID fears fade, economist Nick Bunker said. See more stories on Insider's business page. Businesses are jostling to rehire faster than their competitors as demand booms. The vast m...
Tags: Trends, Gop, Bunker, Paul Hennessy, ZipRecruiter, Nick Bunker, Julia Pollak, Juliana Kaplan, Ben Winck, Indeed Hiring Lab


May's job report shows hard-hit industries are still below pre-pandemic employment

A waiter wearing a mask and gloves delivers food to a table to customers seated at an outdoor patio at a Mexican restaurant in Washington, DC, May 29, 2020. SAUL LOEB/AFP/Getty Images Industries are still recovering from their spring 2020 job losses, some more than others. The motion-picture and sound-recording industry was around 36% below pre-pandemic employment in May. Employment in performing arts and spectator sports was also nearly 30% below pre-pandemic employment. See more stories ...
Tags: Trends, Washington Dc, BLS, Nick Bunker, Madison Hoff, Getty Images Industries, National Occupational Employment, Bureau of Labor Statistics Accommodation


The labor market is on track to complete its post-COVID recovery 15 months from now

A pedestrian walks by a now hiring sign at Ross Dress For Less store on April 02, 2021 in San Rafael, California. Justin Sullivan/Getty Images At the May rate of job creation, it will take another 15 months to recoup all jobs lost during the pandemic. Making up for more than a year of lost job growth would delay a full recovery to July 2023. Economists expect hiring to accelerate as unemployment benefits expire and vaccination continues. See more stories on Insider's business page. Hi...
Tags: US, Trends, Bank Of America, Joe Biden, Federal Reserve, Justin Sullivan Getty, San Rafael California, Ross Dress for Less, Lael Brainard, Michelle Meyer, Nick Bunker, Ben Winck Andy Kiersz


Restaurants and hotels continued their streak of adding the most jobs out of any industry in May

A waiter without a mask pours champagne for customers during the "Eggs and Leggs Drag Brunch" at Da Capo on the Upper West Side on May 22, 2021 in New York City. Alexi Rosenfeld/Getty Images The US added 559,000 jobs in May, a bounce back from the disappointing 278,000 added in April. As in April, leisure and hospitality had the largest number of jobs added among industry sectors. On the other end, construction employment dropped by 20,000. See more stories on Insider's business page. ...
Tags: US, Trends, Bureau of Labor Statistics, Upper West Side, Economic Policy Institute, BLS, Da Capo, Elise Gould, Nick Bunker, Madison Hoff, New York City Alexi Rosenfeld Getty


The May jobs report shows signs of labor-market acceleration as unemployment falls

Paul Hennessy/SOPA Images/LightRocket/Getty Images The US economy gained 559,000 jobs in May, falling just short of the median estimate of 674,000 payrolls. The unemployment rate dipped to 5.8% from 6.1%. Economists expected a drop to 5.9%. The data marks a fifth straight month of job additions and a strong acceleration from April. See more stories on Insider's business page. After a hugely disappointing April report, the US labor market's recovery seems to be back on track, albei...
Tags: US, Trends, Bloomberg, Bureau of Labor Statistics, Gop, Ubs, Bunker, Fed, Paul Hennessy, Lael Brainard, Nick Bunker, Seema Shah, Ben Winck Madison Hoff, Principal Global Investors With, UI JPMorgan


One chart shows that a lot of jobs have a long way to go to recover from the pandemic

A waiter at The Dorian serves champagne to guests who are dining outside on April 02, 2021 in San Francisco, California. Justin Sullivan/Getty Images The April jobs report showed employment gains were mainly in the leisure and hospitality sector. The motion picture and sound recording industry is still almost 40% below pre-pandemic employment. Couriers and messengers lost 77,400 jobs in April, so it is now 14.3% above pre-pandemic employment. See more stories on Insider's business page...
Tags: Employment, Trends, Economy, Bureau of Labor Statistics, Recovery, Bunker, San Francisco California, Justin Sullivan Getty, BLS, Nick Bunker, BI Graphics, Madison Hoff, BLS National Occupational Employment


Why America's economic recovery is stumbling as experts badly misjudge the labor market

A customer walks by a now hiring sign at a BevMo store on April 02, 2021 in Larkspur, California. Justin Sullivan/Getty Images April's jobs report was a shocking miss, suggesting the hiring rebound many anticipated was an illusion. Virus fears, childcare pressures, and unemployment benefits all likely drove the weak payrolls read. Biden has proposed massive packages focused on jobs, but they likely face months of negotiation before passage. See more stories on Insider's business pa...
Tags: US, America, Trends, Joe Biden, Bureau of Labor Statistics, Federal Reserve, Biden, Chamber of Commerce, Justin Sullivan Getty, James Carville, BLS, Moody s Analytics, Jerome Powell, Ian Shepherdson, Larkspur California, Neil Bradley


The disappointing April jobs report showed gains were mainly in leisure and hospitality

Spencer Platt/Getty Images The latest jobs report came in far below economists' estimates. But the hard-hit sector leisure and hospitality saw another month of strong gains. Professional and business services saw the largest job decline between March and April. See more stories on Insider's business page. The leisure and hospitality sector was the only major industry to see a six-digit job gain between March and April. The US added just 266,000 nonfarm payroll jobs in April, acco...
Tags: US, Trends, BLS, Bureau of Labor Statistics This, Spencer Platt Getty, Nick Bunker, Madison Hoff


The US added 916,000 jobs in March, but these 12 charts show the economy still has a long way to go

Restaurants and bars added almost 176,000 jobs last month, but employment is still 15% lower than before the pandemic. halbergman/Getty Images It has been over a year since the coronavirus outbreak was declared a pandemic. Unemployment is still high, but a blowout March jobs report shows some positive signs of a recovery. These 12 charts take a look at the US employment situation over a year later. Visit the Business section of Insider for more stories. didn't think she would still ...
Tags: Utah, US, Employment, Trends, Recession, Economy, Features, Bureau of Labor Statistics, Unemployment, Missouri, Idaho, Hawaii, Job losses, World Health Organization, Associated Press, Nevada