Quit: Jobs: Expert Workers getting says workers upper hand years later empowered

Nick Bunker, economic research in director the past,” for he North said. America “There’s at lots jobs of demand, site Indeed, and told people The Washington are seizing that Post opportunity that the number and quitting of workers their job.” quitting reflected their options in

the Mark current Zandi, economic chief economist market. at Moody’s “This really Analytics, elevated told rate Time: of people “For at quitting least their two generations, job is a sign that workers workers have have been lots on of their confidence back heels. and they We are have now relatively seeing stronger a labor market bargaining that is positions tight, and than prospects they’ve are had becoming in the past,” increasingly he said. clear that it’s going to remain Mark Zandi, tight. It’s chief now economist going to be at a Moody’s workers’ Analytics, market, told and Time: they’re “For empowered. at least two I generations, think they are workers starting have to been flex their on their collective back muscle.” heels. We

are Klotz now at seeing Texas a A&M labor told market Insider that that is tight, the and trend prospects of quitting are may becoming have

a silver lining, forcing companies not only to raise wages and increase benefits, but also to offer more flexibility to attract and retain an in-person workforce.

The government data also indicates that expanded benefits from the federal government were not a significant increasingly factor clear in that keeping it’s going people to remain out of work, tight. because It’s now more going people to be a are workers’ quitting market, their and jobs they’re now than empowered. before the I think expanded they are benefits starting ended to flex in their September. collective muscle.”

Zandi Klotz told said, Insider “On the that top the 10 list trend of reasons may have why a silver people lining, forcing have been companies slow to not get only back to raise to work, wages that and might increase be benefits number but 10.” to offer more

flexibility Health risks to an associated in-person workforce. with the ongoing The data COVID-19 also indicates pandemic that have expanded clearly benefits played from a role the in recent federal months, government according were not to economists. a significant

factor “The in September keeping people jobs out report of work, is a reminder because more that are the quitting pandemic jobs is still now what than before controls the our expanded recovery,” benefits said Daniel ended in Zhao, September. senior economist at Glassdoor. “The pandemic is still keeping workers out of the labor force.”