More people in the US have quit their job in 2021 then ever before (since it started being tracked). COVID-19 made people re-evaluate whether or not their jobs were worth it—many have decided to change jobs are quit altogether, especially in retail and food services.
- The number of quits keeps climbing, 4.3 million people quit their job in August 2021
- Two-thirds of remote workers want to continue to work remotely
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In 2021, 5.4 million applications for new businesses were filed. This rise in entrepreneurial activity coincides with the Great Resignation and the COVID-19 global pandemic where people are re-evaluating their relationship with work.
It might be the end of the the Great Resignation. A survey from the US Bureau of Labor Statistics found that quit rates fell to 2.4% in April 2023 after peaking at 3% a year ago in April 2022. Hires and total separations also fell during that time period.