Is a Tidal Wave of Resignations on the Horizon?

Throughout the long, dark days of the pandemic, many workers likely spent time reflecting on and evaluating the current state of their careers. And now that the world is beginning to open up once again, many, it seems, are ready for a change, according to a recent article on Yahoo Money.

More than 4 million workers quit their jobs in April, a 20-year record, according to the U.S. Department of Labor. Further, the rate of workers voluntarily leaving their jobs also hit an all-time high of 2.7% that month. While some of the biggest turnover numbers were seen in industries such as hospitality, retail trade, education and health services, it doesn’t take much of a stretch to believe the trend will fan out into other professions as well, as employees take action after taking stock of their situations. Some may opt to start new businesses as the economy improves, while others may seek out places where they can continue on in a remote or hybrid environment rather than returning to a physical office.

“We could see sustained, very high levels of quits throughout the summer at the very least,” says ZipRecruiter economist Julia Pollak in the story. “As long as the labor market remains this tight and employers are competing for workers, you will see people learning about exciting new opportunities and making the switch.”