Americans left their jobs in record numbers for September’s second month. However, employers and businesses posted near-record levels of job opportunities.
The Labor Department said Friday that 4.4 million people quit their jobs that month, or about 3% of the nation’s workforce. That’s up from 4.3 million in August. The number of job opportunities was 10.4million, compared to 10.6million in August. This figure was revised up.
The figures point to a historic level of turmoil in the job market as newly-empowered workers quit jobs to take higher pay that is being dangled by increasingly-desperate employers in need of help. Americans are spending more, their incomes are growing and they are also increasing the number of employees. Employers have increased hiring to match this trend. However, rising inflation is reducing many of the wage gains.
Continue reading: Young People Are Leaving Their Jobs in Record Numbers—And Not Going Back
People who leave jobs that they are currently in can be seen as showing worker confidence. Most people leave their jobs to find a job.
Retailers and delivery firms face intense competition for employees, especially as they prepare for what will be a prosperous winter holiday season.
Amazon, the online giant, is looking for 125,000 warehouse and permanent workers. They pay $18 to $22 per hour. It’s also paying sign-on bonuses of up to $3,000.
The demand for seasonal workers is increasing. UPS wants to increase its workforce by 100,000 to meet the holiday crush. They also plan to offer job opportunities to applicants in as little as 30 minutes.