The Great Resignation gained traction after a decrease in October, with 4.5 million leaving their jobs in November according to recently released BLS data. This is a 370,000 increase from October. The quits rate increased to 3.0% and matched the series high set in September.
There were 10.6 million open jobs in November, a decrease of 529,000 from the previous month.
Where job openings increased
- Finance and insurance (+83,000)
- Federal government (+25,000)
- State and local education (+17,000)
- Transportation, warehousing, and utilities (+13,000)
- Real estate and rental and leasing (+5,000)
Where job openings decreased
- Accommodation and food services (-261,000)
- Construction (-110,000)
- Professional and business services (-70,000)
- Health care and social assistance (-67,000)
- Nondurable goods manufacturing (-66,000)
Net employment increased over the past year – there were 74.5 million hires and 68.7 million separations (including quits, layoffs, discharges, and other separations), reflecting a total net employment gain of 5.9 million.