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But that's not all. June marked another record low, with just 1.3 million workers being laid off or fired. In March 2020, that number was around 13 million, while from 2019 to 2020, it hovered between 1.7 million to 1.9 million a month.
DataTrek Research, an economic research group, tracks quits by something it calls the"take this job and shove it" indicator, which looks at quits as a percentage of job separations. That was a record 69.3% in June, meaning employers were more reluctant than ever to let workers go, and workers were more willing than ever to quit.
Jessica Rabe, DataTrek's cofounder, told Insider by email that a high quits rate"typically reflects elevated worker confidence, which makes sense in the current environment given outsized labor shortages. People tend to leave their jobs when they find a better opportunity, and we think part of the high quits rate reflects the trend of many Americans relocating to the suburbs and out of urban areas throughout the pandemic.
Rabe also said that Americans over the age of 55 are increasingly choosing to retire, which has been a primary driver of the so-calledAnother factor, per Rabe: Continued fears over the coronavirus and the possibility of new infections. While the Delta variant wasn't quite raging at the time the June numbers were recorded, an
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