The quit rate for American workers saw yet another series high in November 2021, reaching 4.5 million, according to data released by the Bureau of Labor Statistics Jan. 4.
The quit rate increased to 3 percent, up from 2.8 percent in October, which saw 4.2 million quits. The healthcare and social assistance industry saw an increase of 52,000 quits since October 2021, with 598,000 quits in the sector in November.
Job openings decreased by 529,000 from October, but remained high for a total of 10.6 million. The healthcare and social assistance industry reported 1.8 million open roles.
Labor shortages and a tight labor market continued to create a friendly environment for job-hunters or movers.