A record number of Americans are quitting their jobs
About 2.9% of the workforce quit in August, up from 2.7% in July, according to the Job Openings and Labor Turnover Survey (JOLTS) The numbers show the worker shortage was even worse than realized this summer. The number of job openings in July was revised higher to 11.1 million, a In the long run, such a workforce transformation will be a positive thing, allowing more people to find satisfaction in their careers and for businesses to have happier employees. And it can allow more workers to make a living wage and contribute to the broader economy, easing the alarming gap between rich and poor.In the short run, however, the worker shortage will continue to complicate the reopening of the global economy, contributing to rising prices, supply chain stress, product shortages and shipping delays. “It takes some for these things to work themselves out,” said PNC’s Faucher.
