It’s a tale as old as 2021: millions of employees across the United States are quitting their jobs each month, whether to pursue remote work, to capitalize on higher wages offered in response to shrinking applicant pools, in an attempt to finally turn their passion into a career, or simply to retire.
Whatever their motivations, job movement has reached high tide and has collectively contributed to the post-pandemic Great Resignation and its associated perils for employers -- and calmer waters may be more distant than previously thought.
In 2022, more than four million employees per month left their jobs, and the trend seemed to be slowing slightly as we crossed into 2023. But in May 2023, employment departures rose by the highest rate recorded in recent months, creeping back up to 4.02 million.