HomeWorld NewsA record number of Americans quit their jobs in 2021

A record number of Americans quit their jobs in 2021

The number of staff quitting final month fell in well being care and social help jobs, in addition to eating places, inns and development. Quits went up in nondurable good manufacturing.

Even although a record number of individuals quit their jobs final yr, the US labor market nonetheless recorded a internet employment acquire of 6.4 million.

In whole, 75.3 million staff have been employed final yr, whereas 68.9 million quit, have been laid off or discharged. Out of these so-called separations, 47.4 million have been voluntary quits.

In line with that, the number of layoffs hit a brand new record low at 1.2 million in December, exhibiting that the unfavorable impression from the Omicron variant did not totally hit the labor market on the finish of final yr.

Job openings stood at 10.9 million in December, in contrast with the info sequence excessive of 11.1 million recorded in July.

Worker scarcity continues

For US corporations, the labor scarcity continues to be as actual because it was in the summer time. Home Depot (HD) has a plan to deal with the problem: speedy job offers.

The world’s largest house enchancment retailer stated Tuesday that job candidates “could receive an offer within one day of applying.”

Home Depot stated the “accelerated” hiring course of is an element of its plan to rent greater than 100,000 new associates forward of its busy spring season.

“In today’s climate, jobseekers are shopping for the best opportunity,” Eric Schelling, Home Depot’s vp of world expertise acquisition, stated in a press release.

To entice staff, Home Depot stated it presents jobseekers varied incentives, together with upskilling applications, tuition reimbursement, a money bonus program and discounted inventory purchases.

The pandemic has pressured a rethinking of how we work. A new study launched Tuesday by the University of Michigan reveals college-educated staff prioritize work ardour over monetary safety, forcing corporations to reassess what they provide their workers.

–CNN’s Matt Egan contributed to this report.

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