A Record 4.5 Million Workers Quit Their Jobs in March

True Pundit May 4, 2022

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A record number of American workers voluntarily quit their jobs in March, signaling the strength of the labor market and putting upward pressure on wages.

The Bureau of Labor Statistics said Tuesday that 4.5 million workers quit, up by 150,000 from the prior month. That means three percent of all workers left work.

The record high level of quits is a sign that workers believe jobs are plentiful. Typically, workers quit work when they expect to find another job or have already been offered a position.

“Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs,” the BLS explained.

“As employers require workers to return to offices, quits are ticking upwards. A major reason for quitting is to find a remote opportunity,” wrote ZipRecruiter chief economist Julia Pollak on Twitter. – READ MORE

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