Quitting Frenzy Fades: 'Great Resignation' Slows as Job Turnover Trends Back to Normal
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The "Great Resignation" saw record numbers of people quitting jobs in 2022, but is now trending back to normal levels.
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Quitting peaked last year at 4.2 million per month, half a million more than pre-pandemic levels in 2019.
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Monthly quits dropped to 3.8 million in 2022, only slightly above 2018 averages.
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Industries like mining, construction, real estate saw the steepest quit declines of over 40%.
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Leisure, hospitality, arts and food services saw the smallest quit rate declines.