The Bureau of Labor Statistics released the November job openings and turnover data today[DATA HERE] showing 370,000 workers quit their jobs in November bringing the quits rate now to 4.5 million people.
According to the BLS data, in November the job openings rate decreased in small establishments with 10-49 employees.
The hires rate rate increased in very large employers with 5,000 or more employees.
The quits rate increased in both small businesses with 1-9 employees and in medium-sized businesses.
Then comes a significant aspect, "Both the layoffs and discharges rate -and the total separations rate- increased in the larger establishments with 1,000 to 4,999 employees." This could indicate mid-sized businesses are starting to see contractions in sales or demand and lowering their payrolls.
It's not a single factor leading to this quits rate data.
Ex. if a worker needs a raise, and the boss or organization is less responsive, the worker can get a faster pay raise by quitting their employer and going to work at a higher entry wage rate with another firm.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Tuesday, January 4, 2022
Another 370,000 Workers Quit in November, Total Quits Rate Now 4.5 Million
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