Americans are leaving their jobs at an unprecedented rate. In September of 2021 alone, 4.4 million workers left their jobs voluntarily. This put the Labor Department’s “quits rate”– a measurement of workers leaving jobs as a share of overall employment—at a historic high of 3%. This phenomenon, widely referred to in the media as the “Great Resignation,” started during the height of the COVID-19 pandemic last year and is seemingly here to stay.
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