US workers quitting at historic levels as job openings top 10 million for 13 consecutive months
\nAs many businesses still struggle to fill job openings despite millions of available positions nationwide, more experts are adding to the argument that\u00a0the Great Resignation\u00a0isn\u2019t over quite yet.
\n“We’re seeing historically high openings across the spectrum, certainly in things like leisure and hospitality and some low-wage service workers, but also in manufacturing, we have really high levels of job openings compared to the available unemployed workers out there,” Cato Institute director of general economics Scott Lincicome told Fox News senior national correspondent Rich Edson.
\n“So this is really a system-wide issue,” he continued, “and one that there’s not really any easy, quick fix.”
\nThe headline number of\u00a0223,000 jobs added in December\u2002comes from the Labor Department\u2019s establishment survey, while the headline unemployment rate of 3.5 percent comes from the household survey. Both have their own measure of employment, but they tend to move roughly in sync with one another over time.
\nIn 2021, however,\u00a0they diverged sharply.\u00a0Since March, that divergence has been 2 million jobs.
\nThe recent November jobs report indicated there were 10.4 million jobs available, but just 6 million people looking for a job, according to the Bureau of Labor Statistics.
\nFederal Reserve\u00a0Chair Jerome Powell\u00a0claimed in December that there was a structural labor shortage taking place with more than 4 million fewer workers available for current demand.<\/p>\n