News & General Discussion -  Record 4.3M Americans quit jobs in Aug (247 views) Notify me whenever anyone posts in this discussion.Subscribe
 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostOct-13 10:49 AM 
To: All  (1 of 13) 
 126433.1 
NBC News: The number of job openings in August took a breather from the record highs it had been notching in recent months, but a record 4.3 million workers walked off the job, according to the federal Job Openings and Labor Turnover Summary.

Job openings fell from a record 10.9 million to 10.4 million — an unexpected drop that experts say could be attributable to contractions in commercial activity due to the delta variant of the coronavirus, falling economic expectations, companies' taking late-summer breathers from hiring, statistical noise or some combination of the above.

"If we look across broad cross-sections of economic metrics, we know there's been some moderation recently" in forecasters' expectations, said Mark Hamrick, the chief financial analyst at Bankrate. The International Monetary Fund shaved a percentage point off its growth projection for U.S. gross domestic product this year, paring its forecast Tuesday from 7 percent to 6 percent.

 
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From: Black Cat (NYTSHADE) DelphiPlus Member IconOct-13 12:36 PM 
To: Marci (marcinmin) DelphiPlus Member Icon  (2 of 13) 
 126433.2 in reply to 126433.1 

What does "walked off the job" mean?  They quit?  Were fired?  Both?

 

 

 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostOct-13 12:48 PM 
To: Black Cat (NYTSHADE) DelphiPlus Member Icon  (3 of 13) 
 126433.3 in reply to 126433.2 

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From: Black Cat (NYTSHADE) DelphiPlus Member IconOct-13 1:33 PM 
To: Marci (marcinmin) DelphiPlus Member Icon  (4 of 13) 
 126433.4 in reply to 126433.3 

Thanks.

But that numbers seems WAY high to me.  Based on nothing, of course, but still how it seems to me.

 

 
From: MSurkontOct-13 8:25 PM 
To: Marci (marcinmin) DelphiPlus Member Icon  (5 of 13) 
 126433.5 in reply to 126433.1 

Reading the whole article, you would find that most of those jobs were low paying, with lower hours.  I know this young man who has quit 4 or 5 jobs this year alone.  He now works only 3, but keeps his hours worked at 60 per week.

 

 
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostOct-13 8:51 PM 
To: MSurkont  (6 of 13) 
 126433.6 in reply to 126433.5 

I figured a high percentage were low paying . Right now someone in restaurants, retail, or fast food has lots of choices so they can  quit a job with bad hours, poor working conditions, etc and get a better, higher paying one.

others are probably re-evaluating and deciding to change careers, go to college or technical vocational schools, etc

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From: Your ad here(amd14271) (amd14271)Oct-13 10:21 PM 
To: Marci (marcinmin) DelphiPlus Member Icon  (7 of 13) 
 126433.7 in reply to 126433.6 

I know of 3 people that quit jobs in August to go to grad school full time.  

 

 
From: 21AwakeningOct-15 1:25 AM 
To: Black Cat (NYTSHADE) DelphiPlus Member Icon  (8 of 13) 
 126433.8 in reply to 126433.2 

They quit.

 

 

 
From: 21AwakeningOct-15 1:26 AM 
To: MSurkont  (9 of 13) 
 126433.9 in reply to 126433.5 

A lot of people are just working enough for a little money for a while before doing it again.

 

 

 
From: Black Cat (NYTSHADE) DelphiPlus Member IconOct-15 2:41 AM 
To: 21Awakening  (10 of 13) 
 126433.10 in reply to 126433.8 

Damn that's a high number...  Obviously something like that is not a good portent for the economy and we need to talk to those people and find out why they did what they did. 

 

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