In 2022, at the height of the "great resignation," a record 4.5 million workers each month — about 3% of the U.S. workforce — were quitting their jobs.
While some economists have said this pandemic-era trend is over, new research from Microsoft and LinkedIn forecasts that even more people plan to leave their jobs in 2024.
And Americans' confidence in their job-hunting prospects has reached its highest point in two years, a February 2024 ZipRecruiter survey of more than 2,000 jobseekers shows.
Despite high-profile job cuts at a few large companies, layoff rates, much like unemployment, are lower than before the Covid-19 pandemic.
Americans are more confident about their career prospects — but dissatisfaction with continuing high inflation and their current roles could equally be driving them to seek new opportunities.
Persons:
Julia Pollak, —
Organizations:
Microsoft, LinkedIn, CNBC
Locations:
U.S