Economy

Record 4.5 million workers quit their jobs

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Commuters arrive from Metro North Railroad trains in Grand Central Station in New York.

Timothy A. Clary | AFP | Getty Images

Workers quit their jobs in record numbers in November while the total employment openings pulled back a bit, the Labor Department reported Tuesday.

The so-called quits level surged to 4.53 million for the month, according to the department’s Job Openings and Labor Turnover Survey. That represented a 9% increase from October and broke September’s high-water mark of 4.36 million. As a percentage of the workforce, the quits rate of 3% matched September’s mark.

In a phenomenon that has been labeled the Great Resignation, workers have been leaving their positions partly in…



Source cnbc.com

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