Great Resignation in Full Swing , As 4.3 Million Americans Quit Their Jobs in January.<br />CNBC reports the Great Resignation in the United States shows no signs of slowing.<br />Per the U.S. Department of Labor, almost <br />4.3 million Americans quit their jobs in January.<br />Compared to pre-pandemic employment levels, resignations are up 23%.<br />Data indicates Americans aren't exiting the labor market entirely but are quitting their jobs for <br />better opportunities elsewhere.<br />According to the U.S. Labor Department, <br />11.3 million new jobs became available in January.<br />According to the U.S. Labor Department, <br />11.3 million new jobs became available in January.<br />So far, 2022 looks <br />a lot like 2021. , Nick Bunker, economic research director at Indeed Hiring Lab, via CNBC.<br />Demand for labor is historically high and workers are quitting <br />their jobs at historic rates to <br />take advantage of that demand. , Nick Bunker, economic research director at Indeed Hiring Lab, via CNBC.<br />Sectors such as hospitality, retail and manufacturing have experienced the <br />highest rate of resignations.<br />Sectors such as hospitality, retail and manufacturing have experienced the <br />highest rate of resignations.<br />Sectors such as hospitality, retail and manufacturing have experienced the <br />highest rate of resignations.<br />Per federal data, private-sector employers have raised hourly pay by a paltry 5%, while inflation could rise to 8.5% by the end of this quarter.<br />Per federal data, private-sector employers have raised hourly pay by a paltry 5%, while inflation could rise to 8.5% by the end of this quarter.<br />Experts say employees who switch jobs are more likely to experience wage growth. .<br />Those who stay loyal to a company <br />can expect stagnant wages.<br />The labor market continues <br />to be quite hot and gives advantages to job seekers <br />they didn’t have before. , Nick Bunker, economic research director at Indeed Hiring Lab, via CNBC
