NEW YORK – The great resignation is marching on. Data from the Bureau of Labor Statistics shows a record 4.5 million Americans voluntarily left their jobs in November.
That’s a three percent “quits rate” which matches the high from September.
The number of vacant jobs fell to 10.6 million in November from eleven million the previous month.
The U.S. reached a 52-year low in the four-week moving average of unemployment benefits last month.
That meshes with the number of people quitting, since unemployment benefits are generally not available to workers who voluntarily leave their jobs.
Many analysts believe the trend is being driven largely by people who are retiring early.
It all means the labor shortage is unlikely to let up any time soon.