June 14, 2021
1 min read

Workers quitting jobs in US at highest rate in decades

Citing data from the Labour Department, the report said that the share of US workers leaving jobs was 2.7 per cent in April, a jump from 1.6 per cent a year earlier to the highest level since at least 2000…reports Asian Lite News

More Americans are quitting their jobs than at any other time in at least two decades, which added challenges to companies trying to keep up with the economic recovery, a media report said.

“The wave of resignations marks a sharp turn from the darkest days of the pandemic, when many workers craved job security while weathering a national health and economic crisis,” Xinhua news agency quoted The Wall Street Journal report as saying on Sunday.

Citing data from the Labour Department, the report said that the share of US workers leaving jobs was 2.7 per cent in April, a jump from 1.6 per cent a year earlier to the highest level since at least 2000.

While a high quit rate stings employers with greater turnover costs, and in some cases, business disruptions, labor economists said churn typically signals a healthy labour market as individuals gravitate to jobs more suited to their skills, interests and personal lives, according to the report.

Several factors are driving the job turnover. Many people are spurning a return to business as usual, preferring the flexibility of remote work or reluctant to be in an office before the virus is vanquished, it said.

“Others are burned out from extra pandemic workloads and stress, while some are looking for higher pay to make up for a spouse’s job loss or used the past year to reconsider their career path and shift gears,” the report added.

ALSO READ: ‘Russia might be weaker than it seems’

Previous Story

‘Russia might be weaker than it seems’

Next Story

Global N-warhead stockpile growing, warns SIPRI

Latest from USA

Diaspora Leaders Urge Pragmatic India-US Ties

Keshap spoke about the recent H-1B visa crackdown from the Trump administration, calling it a decision “driven by domestic politics.”…reports Asian Lite News Prominent Indian American leaders have called for deeper India-US

Sergio Gor Named US Ambassador to India

Trump had announced that Gor would also serve as a special envoy for South and Central Asian affairs….reports Asian Lite News Sergio Gor, nominated by former President Donald Trump as the next

Jaishankar Hints at Tariff Deal with US

Jaishankar explained that the ongoing trade tensions largely stem from the inability of both sides to reach a common ground on several issues….reports Asian Lite News External Affairs Minister S. Jaishankar on

Multi-alignment, upgraded

With US ties strained and China tense, New Delhi taps Europe’s harder edge for co-development, clean tech and strategic autonomy, writes Manoj Menon India is recalibrating its great-power hedging as frictions with
Go toTop

Don't Miss

Biden backs India’s bid for UNSC permanent membership, NSG entry

President Biden’s support provides a big boost to India’s push

FS Misri in US to Boost Tech, Trade Ties

The meeting, held in Washington, focused on strengthening existing frameworks