In The News

‘Nobody Wants to Work’: Record 4.3 Million People Quit Their Jobs In August As Workers See Opportunity In Chaotic Labor Market

A record 4.3 million Americans quit their job in August as retail, bar, and restaurant industries saw the largest surge in employees who left their positions, according to the Bureau of Labor Statistics report released Tuesday.

Roughly 2.9% of the workforce left their jobs in August, a jump of 242,000 from July’s figure, according to a Bureau of Labor Statistics (BLS) report. Experts believe the jump from July’s record-setting number is partly due to workers wanting jobs with more convenient hours, better pay, or working conditions, The Washington Post reported.

“This really elevated rate of people quitting their job is a sign that workers have lots of confidence and they have relatively stronger bargaining positions than they’ve had in the past,” Nick Bunker, an economist at Indeed, told the Post.

“There’s a lot of demand, and people are seizing that opportunity and quitting their jobs,” Bunker told the Post.

Chris Markowski, the host of the podcast “The Watchdog On Wallstreet,” told the Daily Caller News Foundation that the record number of quits is attributed to the number of benefits being paid to workers, keeping them out of the workforce.

“Nobody wants to work, it’s everywhere,” Markowski told the DCNF. “No one has any workers. The government basically started universal basic income when they send child care tax to individuals.”

The number of job openings declined to 10.4 million for August from 11.1 million in July, the BLS reported. Experts told the DCNF that President Joe Biden’s new vaccination mandate is hurting an already thin labor market.

“We are already in an unprecedented labor market right now, and this mandate on private employers adds insult to injury because companies are already facing severe labor shortages,” Rachel Greszler, a research fellow at the Heritage Foundation, told the DCNF.

Greszler pointed to the healthcare and public safety industries who have already been hit hard by labor shortages and vaccination mandates. Target has begun offering workers better pay and more bonuses in an effort to retain employees.

“If you look at history, there has never been a disparity between job openings and people looking for work, like we are seeing now. It has never been that high,” Markowski told the DCNF.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org

Harry Wilmerding

Share
Published by
Harry Wilmerding

Recent Posts

Red States Sue Biden Admin Over New Title IX Rules

A coalition of red states is suing the Biden administration to stop its attempt to…

11 hours ago

Airlines Launch Effort Backing Green Jet Fuel Tax Credit That Could Raise Food Prices For Americans

A coalition of major airlines has formed a group supporting a tax credit pushed by…

11 hours ago

The Contrast Between Trump And Biden On Taxes Couldn’t Be Any Clearer

President Joe Biden has vowed to raise income taxes across the board by making sure…

11 hours ago

Alvin Bragg’s Star Witness Hasn’t Even Taken The Stand Yet And His Credibility Has Already Been Majorly Questioned

Michael Cohen hasn’t even taken the stand in former President Donald Trump’s trial, and his…

12 hours ago

Is DEI Ready To DIE?

Howard Johnson’s used to boast over thirty flavors of ice cream. It was great to…

12 hours ago

Ship Sliding Away

Bidenomics, with its high inflation and high cost of living, is wreaking havoc on the…

12 hours ago