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03/29/2022

4.4 Million in U.S. Quit or Changed Jobs in February

Demand for workers remains brisk

In February, Americans continued to switch jobs at near-record rates with 4.4 million workers leaving their positions in a historically tight labor market.

Employers hired 6.7 million people that month while reporting 11.3 million job openings, according to a report released Tuesday by the Bureau of Labor Statistics.

"We continue to have an unusual amount of churn in the job market," said Erica Groshen, an economist at Cornell University and a former head of the Bureau of Labor Statistics. "We were all just holding our breaths during the worst parts of the pandemic, but now that's changing."

Please select this link to read the complete article from The Washington Post.

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