Economy

Workers quit jobs in record numbers as consumer sentiment hits 10-year low

0


A pedestrian walks by a now hiring sign at a Lamps Plus store on September 16, 2021 in San Francisco, California.

Justin Sullivan | Getty Images

Consumer confidence hit a 10-year low in November as inflation climbed to the highest levels since the early 1990s, complicating efforts from policymakers to sell the case that the current surge of price increases is temporary.

The plunge in sentiment happened as workers quitting their jobs hit a fresh record in a labor market that has nearly three million more positions available than there are people looking or jobs.

In a sign of confidence in the labor market, 4.43 million people quit, part of what some have called “The Great Resignation,” the…



Source cnbc.com

0 0 votes
Article Rating

Cramer says Dr. Gottlieb’s end-of-pandemic call bigger than jobs data

Previous article

Beyond Meat stock tumbles as analysts worry about its long-term growth

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy