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A record 4.5 million Americans quit jobs in November


A fast food restaurant advertises open positions in Portland, Ore., on Dec. 27. Associated Press/Photo by Jenny Kane

A record 4.5 million Americans quit jobs in November

Many analysts see the large number of resignations as a sign that workers are confident in their ability to land better jobs as the market continues to bounce back. The Labor Department also reported Tuesday that employers posted 10.6 million job openings in November. That was down from 11.1 million in October but still high by historic standards. Employers filled 6.7 million of those positions in November, up slightly from the month before.

What does this mean for the job market? Analysts say the record number of quits indicates a recovering economy and better bargaining power for workers, which will likely result in wage increases. The United States is now 3.9 million jobs short of pre-pandemic levels, and the unemployment rate stands at 4.2 percent.

Dig deeper: Read stats on America’s “Great Resignation” in a recent issue of WORLD Magazine.


Kent Covington

Kent is a reporter and news anchor for WORLD Radio. He spent nearly two decades in Christian and news/talk radio before joining WORLD in 2012. He resides in Atlanta, Ga.

@kentcovington

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Big Jim

Take this job and shove it!