This is not exactly unexpected following the Pandemic firings and the subsequent re-normalization to unsafe working conditions and non-living wages (yes, it is Axios so all the weird formatting an enigmatic emboldening is theirs):
Demand for labor seems to be getting stronger, and workers are taking advantage by quitting.
Why it matters: Businesses are scrambling to fill job openings as they try to catch up with booming demand.
- Many companies are aggressively raising wages to recruit, which has resulted in workers quitting their old jobs for better opportunities.
- This represents 2.7% of the workforce in June, which is also just below April’s record rate of 2.8%.
- Quits as a percentage of total separations — which includes layoffs, firings and retirements — reached 69.3% in June. This measure, also known as the “take this job and shove it” indicator is at an all-time high.
Remember all those Red States that were cutting unemployment benefits to force the unmasked wage slaves to return to flipping burgers for Jeebus while putting ineligible-to-be-vaccinated children into unsafe daycare? This is what it looks like.
“Pay peanuts, get monkeys.”