Labor Numbers Improve: Is the Great Resignation Over?
The Great Resignation — workers furiously quitting for new, likely higher-paying jobs — is a thing of the past according to Axios. The historic surge of quitters was a symptom of an on-fire labor market, where demand for workers far outstripped supply. Axios based its analysis on U.S. Department of Labor numbers that showed the quits rate falling to 2.4% in April. “We are pretty much back to a strong, robust labor market, but one that is no longer overheating,” Julia Pollak, an economist at ZipRecruiter, told Axios. Read the Labor Department’s press release.
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