Image Credit: Underway In Ireland / CC
By Samuel Stebbins, 24/7 Wall St. via The Center Square –
In what has been dubbed the Great Resignation, Americans have been quitting their jobs in record numbers in recent months – a trend that shows no signs of slowing. According to the Bureau of Labor Statistics, over 4.5 million Americans quit their job in March 2022, the most ever recorded in a single month, and up from 4.4 million quits in February.
Explanations for the high quit rates vary. A recent survey from Pew Research Center found that low pay, limited opportunities for advancement, and a lack of flexibility are among the most common reasons.
Whatever the explanation, the consequences are clear. Record-high quits are exacerbating a labor shortage in the United States and creating an existential crisis for many small businesses, and quit rates vary considerably among states.
*** Click Here to Support Conservative Journalism in Tennessee. We can’t bring your articles like this without your support!***
According to the Job Openings and Labor Turnover Survey report from the Bureau of Labor Statistics, 100,000 people in Tennessee quit their jobs in March, the most recent month of available data – a 5.3% increase from one year earlier.
The total number of monthly quits in the state accounts for 3.1% of the total workforce, slightly higher than the 3.0% share of workers nationwide who quit their jobs in March.
Though there are some notable exceptions, states with lower unemployment rates often have higher quit rates. Since quits do not include workers who retired, each of the 4.5 million Americans who quit in March will presumably take another job. A stronger job market, therefore, may incentivize workers to look for better opportunities, while workers in states with weaker job markers may be deterred. The March jobless rate in Tennessee stood at 3.2%, compared to the national unemployment rate of 3.6%.
| Rank | State | March 2022 quits as share of workforce (%) | Total quits in March 2022 (000) | March 2022 unemployment rate (%) |
|---|---|---|---|---|
| 1 | Alaska | 5.1 | 16 | 5.0 |
| 2 | Arizona | 4.5 | 137 | 3.3 |
| 3 | Florida | 4.4 | 404 | 3.2 |
| 4 | Wyoming | 4.2 | 12 | 3.4 |
| 5 | South Carolina | 4.1 | 90 | 3.4 |
| 6 | Utah | 3.8 | 62 | 2.0 |
| 7 | Montana | 3.8 | 19 | 2.3 |
| 8 | Georgia | 3.7 | 177 | 3.1 |
| 9 | Idaho | 3.7 | 30 | 2.7 |
| 10 | North Carolina | 3.6 | 168 | 3.5 |
| 11 | Colorado | 3.5 | 100 | 3.7 |
| 12 | Alabama | 3.5 | 73 | 2.9 |
| 13 | Louisiana | 3.5 | 66 | 4.2 |
| 14 | Nevada | 3.5 | 50 | 5.0 |
| 15 | Mississippi | 3.5 | 41 | 4.2 |
| 16 | West Virginia | 3.4 | 24 | 3.7 |
| 17 | Indiana | 3.3 | 104 | 2.2 |
| 18 | Kentucky | 3.3 | 63 | 4.0 |
| 19 | Oklahoma | 3.3 | 55 | 2.7 |
| 20 | Delaware | 3.3 | 15 | 4.5 |
| 21 | Arkansas | 3.2 | 42 | 3.1 |
| 22 | New Mexico | 3.2 | 27 | 5.3 |
| 23 | Hawaii | 3.2 | 19 | 4.1 |
| 24 | Texas | 3.1 | 411 | 4.4 |
| 25 | Tennessee | 3.1 | 100 | 3.2 |
| 26 | Washington | 3.0 | 104 | 4.2 |
| 27 | Oregon | 3.0 | 59 | 3.8 |
| 28 | Vermont | 3.0 | 9 | 2.7 |
| 29 | Nebraska | 2.9 | 30 | 2.0 |
| 30 | South Dakota | 2.9 | 13 | 2.5 |
| 31 | California | 2.8 | 486 | 4.9 |
| 32 | Illinois | 2.8 | 167 | 4.7 |
| 33 | Ohio | 2.7 | 150 | 4.1 |
| 34 | Michigan | 2.7 | 117 | 4.4 |
| 35 | Virginia | 2.7 | 108 | 3.0 |
| 36 | Wisconsin | 2.7 | 79 | 2.8 |
| 37 | New Jersey | 2.6 | 107 | 4.2 |
| 38 | Minnesota | 2.6 | 74 | 2.5 |
| 39 | Maryland | 2.6 | 70 | 4.6 |
| 40 | Iowa | 2.6 | 40 | 3.3 |
| 41 | Kansas | 2.6 | 36 | 2.5 |
| 42 | New Hampshire | 2.6 | 18 | 2.5 |
| 43 | Rhode Island | 2.6 | 13 | 3.4 |
| 44 | North Dakota | 2.6 | 11 | 2.9 |
| 45 | Missouri | 2.5 | 74 | 3.6 |
| 46 | Maine | 2.5 | 16 | 3.6 |
| 47 | Pennsylvania | 2.3 | 136 | 4.9 |
| 48 | Massachusetts | 2.2 | 79 | 4.3 |
| 49 | Connecticut | 2.2 | 36 | 4.6 |
| 50 | New York | 2.0 | 185 | 4.6 |
One Response
Some of the reasons are employers and employees do not respect each other in fairness. Another cause could be is the Gov. hand outs of monthly hand outs of child credits instead of end of year when taxes are filed! Getting a $1000 + a month extra some don’t care if they work or not!