All posts tagged: lowest point

American workers are staying put

American workers are staying put

The Great Resignation is in the rearview mirror. What was it all about, anyway? Jake Warga / Getty January 9, 2024, 6:32 PM ET The “Great Resignation” is solidly in the rearview mirror. Why were so many people quitting, anyway? First, here are three new stories from The Atlantic: Staying Put After a stretch of runaway quitting over the past few years—you might’ve heard it dubbed the “Great Resignation”—American workers are largely staying put. In July, the rates of American workers quitting their jobs normalized to about where they were before the pandemic. New data from the Labor Department’s Job Openings and Labor Turnover Survey show that quit rates slid even further in November, the lowest they’ve been since September 2020. If you exclude those early COVID months, when layoffs were soaring and people were quitting their jobs at very low rates, quit rates are now at their lowest point since March 2018. The Great Resignation was to some extent a misnomer. People weren’t really dropping out of the workforce: Although Americans were leaving jobs …