Summer activity is winding down and the routine of life awaits in the fall. However, the job market has been anything but routine even during the dog days summer. It resembles more the ups and downs of the summer’s blockbuster rollercoasters.
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The tables have turned for workers in a post-pandemic recovery based on crunching the latest jobs and labor data in Public Insight Insight for Work. In the spring of 2020, millions of workers were laid off or terminated. In September 2021, quit rates approached a record high level of just under 3% while layoff rates declined below 1%. Thus, we enter the growing phenomenon of “The Great Resignation”.
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