4 ms·

> Actual resignations are up slightly, but the idea that employees are quitting in droves is exaggerated. Official numbers are up ~50% between Nov 2020 and Nov

> Actual resignations are up slightly, but the idea that employees are quitting in droves is exaggerated. Official numbers are up ~50% between Nov 2020 and Nov 2021. IMO official numbers dramatically increased as vaccine mandates occurred and under reported. https://www.bls.gov/news.release/jolts.t04.htm https://www.bls.gov/news.release/jolts.t04.htm Nov 2020 -> Nov 2021; percent change by region: Northeast 1.8% -> 2.5% South 2.8% -> 3.5% Midwest 2.3% -> 3.1% West 2.0% -> 2.8%

ghaff 5y ago
I'd add that, although I haven't really been to restaurants in the past couple of months, things were very clearly not normal in the fall. Limited seating even outside, closed for multiple days a week even though there was clearly demand, etc.
- lettergram 5y ago
  The table appears to be “quite levels” which are not the same as “we aren’t employing you” levels. I suspect both are up higher than they were in 2019.
ChrisLomont 5y ago
>IMO official numbers dramatically increased By dramatically increased you mean went from 1.8% during a pandemic when people were afraid to move around to 2.5% as things eased, well in line with historical levels. I think the OP is much more accurate with the statement "the idea that employees are quitting in droves is exaggerated". In fact, if you look back more than the year you picked, you'll see there was a huge drop, and the current blip is most likely those people feeling some relief from the pandemic. The rates are no where near out of line historically. Here's historical data graphed for all 4 regions you listed. https://fred.stlouisfed.org/series/JTS00MWQUR https://fred.stlouisfed.org/series/JTS00MWQUR https://fred.stlouisfed.org/series/JTS00SOQUR https://fred.stlouisfed.org/series/JTS00SOQUR https://fred.stlouisfed.org/series/JTS00NEQUR https://fred.stlouisfed.org/series/JTS00NEQUR https://fred.stlouisfed.org/series/JTS00WEQUR https://fred.stlouisfed.org/series/JTS00WEQUR
- rustybelt 5y ago
  This is all semantics around what qualifies as a "great" resignation, but don't those charts show people quitting at the highest rate in at least 20 years?
  - ChrisLomont 5y ago
    Yes, right after not quitting and giving the biggest dip in 20 years. So this is likely the backlog. And it's not a very big amount. If the rate lasts a long time let me know. Most likely, as should be clear from the graphs, there is very little out of the ordinary happening.

ghaff 5y ago

I'd add that, although I haven't really been to restaurants in the past couple of months, things were very clearly not normal in the fall. Limited seating even outside, closed for multiple days a week even though there was clearly demand, etc.

lettergram 5y ago
The table appears to be “quite levels” which are not the same as “we aren’t employing you” levels. I suspect both are up higher than they were in 2019.

ChrisLomont 5y ago

>IMO official numbers dramatically increased By dramatically increased you mean went from 1.8% during a pandemic when people were afraid to move around to 2.5% as things eased, well in line with historical levels. I think the OP is much more accurate with the statement "the idea that employees are quitting in droves is exaggerated". In fact, if you look back more than the year you picked, you'll see there was a huge drop, and the current blip is most likely those people feeling some relief from the pandemic. The rates are no where near out of line historically. Here's historical data graphed for all 4 regions you listed. https://fred.stlouisfed.org/series/JTS00MWQUR https://fred.stlouisfed.org/series/JTS00MWQUR https://fred.stlouisfed.org/series/JTS00SOQUR https://fred.stlouisfed.org/series/JTS00SOQUR https://fred.stlouisfed.org/series/JTS00NEQUR https://fred.stlouisfed.org/series/JTS00NEQUR https://fred.stlouisfed.org/series/JTS00WEQUR https://fred.stlouisfed.org/series/JTS00WEQUR

rustybelt 5y ago
This is all semantics around what qualifies as a "great" resignation, but don't those charts show people quitting at the highest rate in at least 20 years?
- ChrisLomont 5y ago
  Yes, right after not quitting and giving the biggest dip in 20 years. So this is likely the backlog. And it's not a very big amount. If the rate lasts a long time let me know. Most likely, as should be clear from the graphs, there is very little out of the ordinary happening.