File – A recruitment sign was placed at the Jameson Irish Pub booth during a job briefing in the West Hollywood section of Los Angeles on Wednesday, September 22, 2021. Americans quit their jobs at a record pace for the second straight month in September, but businesses and other employers continued to post a record number of available jobs. (AP Photo / Marcio Jose Sanchez, File)
Washington (AP) — Americans quit their jobs at record pace in September for the second straight month. In many cases, companies are looking for more money elsewhere as they raise their wages to fill jobs that are close to record highs.
Ministry of Labor 4.4 million people said on Friday In September, about 3% of the country’s workforce will quit their jobs.It’s on From 4.3 million in August It is well above the pre-pandemic level of 3.6 million. From 10.6 million in August, there were 10.4 million higher revised jobs.
The numbers show the historic level of turmoil in the employment market when newly empowered workers quit their jobs to get higher wages hanging by companies in need of help. Income is increasing, Americans spend more, the economy is growing, employers Increased recruitment To keep pace.But the rise in inflation Offset much of the pay gain For workers.
Following last week’s employment report, Friday’s report showed that while the unemployment rate fell from 4.8% to 4.6%, employers increased employment in October to add 531,000 jobs. Employment recovered as the delta wave, which was holding back employment growth in August and September, diminished.
This is usually perceived as a sign of worker confidence when people quit their jobs. The majority of people quit because of their new position.
The number of jobs available has exceeded 10 million for the fourth straight month. The pre-pandemic record was 7.5 million. Jobs in September were more than 7.7 million unemployed, indicating that many companies had difficulty finding workers.
In addition to the number of unemployed, there are about 5 million fewer people looking for a job compared to pre-pandemic trends, making it much harder for employers to hire. Economists cite many reasons for its decline. Some mothers cannot find or can afford to raise their children, while others avoid employment for fear of being infected with COVID-19. Checking stimulus measures this year and 2020, and additional unemployment assistance that expired thereafter, allowed some families to save more and refrain from looking for a job.
Goldman Sachs estimates in Thursday’s research notes that most of the 5 million people are older Americans who have decided to retire. There are only about 1.7 million people between the ages of 25 and 54, which economists consider to be a major working year.
Goldman estimates that most of those people in their major working years will return to work in the coming months, but it will still leave a much smaller workforce than before the pandemic. As a result, employers can face labor shortages for months or even years.
Companies in other countries face similar challenges, leading to higher wages and higher inflation in countries such as Canada and the United Kingdom.
The competition for US workers Fierce for retailers and shipping companiesIn particular, they staff for what is expected to be a healthy winter holiday shopping season.
Adopted by online giant Amazon 125,000 full-time drivers and warehouse workers We offer wages of $ 18 to $ 22 per hour. We also pay a sign-on bonus of up to $ 3,000.
Seasonal adoption is also increasing. The courier company UPS is trying to add 100,000 workers to help with the flood of holiday orders. We also plan to recruit some applicants. Within 30 minutes..
For the second straight month, Americans quit their jobs at a record pace
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