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Jobs
Updated on 12 hours ago


A RECORD 4.4M AMERICANS QUIT JOBS AS 'GREAT RESIGNATION' GATHERS MOMENTUM


QUITS RATE HITS 3%

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By Jonathan Garber FOXBusiness
close



KUDLOW: BIDEN'S TAX PLAN WILL CAUSE AMERICANS TO 'LOSE JOBS, LOWER WAGES’

'Kudlow' host Larry Kudlow argues the Biden administration hasn’t assessed the
inflationary or ‘negative’ economic impact in the spending bill. 

The number of U.S. workers quitting their jobs surged to a record in September
as openings remained near an all-time high. 



The total number of quits rose by 164,000 in September to a record-high 4.4
million, according to the Labor Department’s Job Opening and Labor Turnover
Survey, or JOLTS. This as the number of available positions slipped to 10.4
million, but remained near a record high.

Americans have been quitting their jobs in droves in recent months as the
pandemic has caused many to reevaluate their careers. Some workers are seeking
the ability to work from home while others have been lured by higher pay. The
changes in the labor force have been dubbed the "Great Resignation." 

HOTTER INFLATION COULD MEAN HIGHER TAX BILLS FOR AMERICANS IN THESE STATES

The quits rate, or percentage of workers leaving their jobs, was 3%, also an
all-time high.



Quits increased across a number of industries with arts, entertainment, and
recreation (+56,000); other services (+47,000); and state and local government
education (+30,000) among those seeing the biggest impact.

Quits decreased in wholesale trade (-30,000). 

Total hires were little changed at 6.5 million.  



The JOLTS report lags the U.S. government's monthly jobs report. 

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The October employment report released earlier this month showed hiring picked
up last month with employers adding 531,000 workers, up from 312,000 in
September. The unemployment rate slipped 0.2 percentage points to 4.6%.  




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Personal Finance
 * Mortgages
 * Student Loans
 * Credit Cards
 * Personal Loans
 * Savings
 * Insurance
 * 401k
 * Retirement
 * Tax Planning

Economy
 * Government Spending
 * Money & Policy
 * 2020 Campaign
 * Small Business

Markets
 * Pre-Markets
 * US Markets
 * Futures & Commodities
 * Bonds
 * Funds & ETFs
 * Business Leaders
 * Industries
 * Retail

Watchlist
Lifestyle
 * Rich & Famous
 * Travel
 * Cars
 * Airplanes
 * Food & Drinks
 * Arts

Real Estate
 * Personal
 * Commercial
 * Luxury Properties

Tech
 * Digital
 * Social Media
 * Gadgets
 * Business Tech
 * Healthcare Tech
 * Future Tech
 * AI
 * Space

Sports
 * NFL
 * NBA
 * MLB
 * NASCAR
 * Boxing
 * Soccer
 * Golf
 * Tennis

Opinion
Shows
 * Mornings with Maria
 * Varney & Co
 * Cavuto: Coast to Coast
 * Making Money with Charles Payne
 * The Claman Countdown
 * Bulls & Bears
 * The Evening Edit
 * Kennedy
 * Strange Inheritance with Jamie Colby
 * Maria Bartiromo's Wall Street
 * WSJ at Large with Gerry Baker
 * Barron's Roundtable

About
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Fox Business
 * New Terms of Use
 * New Privacy Policy
 * Do Not Sell my Personal Information
 * Help
 * Closed Captioning Policy

Quotes displayed in real-time or delayed by at least 15 minutes. Market data
provided by Factset. Powered and implemented by FactSet Digital Solutions. 
Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

This material may not be published, broadcast, rewritten, or redistributed.
©2021 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy