Job Market Monitor
Great Resignation
“Great Resignation” of 2021–2022 – It generated around 0.60 percentage points additional inflation
The Federal Reserve has a dual mandate of fostering price stability and maximum employment. Its main tool in this endeavor is the federal funds rate, which it sets based on inflation and measures of economic slack. Slack measures regarding the labor market tend to focus on the quantity of employment (e.g. the unemployment rate) and … Continue reading
The Great Resignation in UK – One in three adults say they want do do it, but most think they lack the skills to switch
One in three adults say they want to change job, but most think they lack the skills to switch Over a third of adults (34%) are looking to change job or career in the next two years, according to the latest results of the largest survey of adult participation in learning in the UK. Learning … Continue reading
The Great Resignation in US- Job openings and quits rate are little changed (December 2021)
The number of job openings was little changed at 10.9 million on the last business day of December, the U.S. Bureau of Labor Statistics reported today. Hires and total separations decreased to 6.3 million and 5.9 million, respectively. Within separations, the quits rate was little changed at 2.9 percent. The layoffs and discharges rate was … Continue reading
The Great Resignation and Reskilling – Online training is a stepping stone to resigners’ next opportunities
With the unprecedented number of resignations across the country and the surging interest we’ve seen in short-term reskilling opportunities, Cengage wanted to learn more about the Great Resignation—who are these “resigners,” as we refer to them in this report, and why are they quitting their jobs? What opportunities are they exploring next, how will they … Continue reading
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