A record 4.4 million Americans quit their jobs in September
CBSN
America's "Great Resignation" is continuing as the so-called "quits" rate — the percentage of workers who handed in their notice — rose to a record 3%, reflecting that 4.4 million people quit their jobs in September, the government said on Friday.
The number of unfilled jobs remained at 10.4 million in October, bucking expectations that job openings would decline slightly during the month. But the quits rate signals that Americans are switching jobs for better pay, quitting to start their own businesses or continuing to struggle with child care and school schedules as the pandemic lingers.
The decision by millions of Americans to leave their jobs shows the "increasing confidence workers have in securing better-paid jobs elsewhere," Michael Pearce, senior U.S. economist with Capital Economics, said in report.
