Printed on Thu Jun 30 2022 5:19:07 PM

Record number of U.S. citizens left jobs in September

International Desk
U.S. citizens left jobs
As many as 4.4 million Americans quit their jobs in September this year. In the wake of Corona's economic downturn, they have given up their old job in search of a better job, hoping for a better salary.

According to analysts, this is going to bring about a fundamental change in the American labor market.

"The era of workers being paid less than fair wages is over. Increased wages are now becoming an integral part of the future economic system," said Joseph Brusuelas, chief economist at RSM US.

According to the Bureau of Labor Statistics on Friday, the labor deficit in the United States was 10.6 million in August this year. In September, however, the figure stood at 10.4 million, slightly lower than in August.

Job opportunities have increased in the healthcare sector and in local government administration.

Nick Bunker, director of economic research at Indie Hiring Lab, said: According to the September report, the Delta variant of the corona is still visible.

According to analysts, although many people have resigned from their current jobs in the hope of a better-paying job, opportunities have increased in many sectors. There is a tendency to resign in the sector where the wages are relatively low.

Jobs in the arts, entertainment, and creative sectors are the most prone. Then there are the other service sectors.

Employers have hired 6.5 million workers in various sectors. In contrast, at least 6.2 million people have left their jobs voluntarily. On a larger scale, this has eased the crisis in the US labor market.

Before the pandemic hit, there were 4.7 million job losses in the United States as of September this year, compared to February 2020. The crisis in the corona delta variant slowed the pace of job creation in August and September but increased again by October. Such information has come up in last week's job statistics report.
Latest News