12/09/2021

The ‘Great Resignation’ Slowed in October

Meanwhile, job openings grew

The so-called Great Resignation lost some steam in October, with the total number of workers leaving their jobs either due to dissatisfaction or better opportunities elsewhere declining, the Department of Labor reported Wednesday.

Job quitters fell by 4.7 percent, falling to 4.16 million from 4.36 million, the department said in its Job Openings and Labor Turnover Survey (JOLTS). The rate as a share of the workforce fell from 3 percent to 2.8 percent.

The JOLTS report is closely watched at the Federal Reserve and elsewhere for signs of labor market tightness.

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