With nearly 15 million people out of work, it may seem surprising that anyone would quit their job. But it turns out lots of folks are – more, in fact, than are getting laid off.
According to the Bureau of Labor Statistics, about 2 million people quit their jobs in September, while nearly 1.8 million were laid off or discharged.
That’s flip-flopped from a year earlier. In September of 2009, about 1.7 million people quit their jobs, while 2.2 million were laid off.
The Job Opening and Labor Turnover Survey, which is conducted monthly, shows an even bigger gap between private employees who quit and those who were laid off. That’s because the overall number includes government Census workers who completed temporary assignments.
The fact that more people are leaving jobs voluntarily than a year ago could be a sign that workers are starting to feel like they can move on to greener pastures. That shouldn’t come as a surprise. As we’ve reported already, the recession has left many workers feeling overworked, underpaid and anxious to seek new work.
Still, the job market remains incredibly difficult. According to the Economic Policy Institute, there were 5 jobseekers for every job opening in September.
Thanks to Today’s Workplace for pointing out the trend on workers who quit versus those who were laid off.