City
Epaper

US workers quitting jobs at highest rate in decades

By IANS | Updated: June 14, 2021 10:25 IST

Washington, June 14 More Americans are quitting their jobs than at any other time in at least two ...

Open in App

Washington, June 14 More Americans are quitting their jobs than at any other time in at least two decades, which added challenges to companies trying to keep up with the economic recovery, a media report said.

"The wave of resignations marks a sharp turn from the darkest days of the pandemic, when many workers craved job security while weathering a national health and economic crisis," Xinhua news agency quoted The Wall Street Journal report as saying on Sunday.

Citing data from the Labour Department, the report said that the share of US workers leaving jobs was 2.7 per cent in April, a jump from 1.6 per cent a year earlier to the highest level since at least 2000.

While a high quit rate stings employers with greater turnover costs, and in some cases, business disruptions, labor economists said churn typically signals a healthy labour market as individuals gravitate to jobs more suited to their skills, interests and personal lives, according to the report.

Several factors are driving the job turnover. Many people are spurning a return to business as usual, preferring the flexibility of remote work or reluctant to be in an office before the virus is vanquished, it said.

"Others are burned out from extra pandemic workloads and stress, while some are looking for higher pay to make up for a spouse's job loss or used the past year to reconsider their career path and shift gears," the report added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: The Wall Street JournalXinhua
Open in App

Related Stories

InternationalHindenburg Research, US Short-Seller Firm Whose Reports Wiped Billions off Gautam Adani’s Wealth, Shuts Down

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

InternationalAmid Israel-Iran Tensions, Biden Administration Weighs Sending USD 1 Billion More in Weapons to Israel: Report

InternationalGreece braces for first summer heat wave

PoliticsSudan govt willing to work with all parties to end conflict

Politics Realted Stories

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala