People Quitting Jobs Less But Rate Still Well Above Pre Pandemic Level
The vast majority of those who are quitting their jobs in the U.S. are leaving for new roles as employers offer benefits like higher pay, according to a Labor Department report issued Wednesday. Meanwhile, the 11.3 million jobs posted at the end of January neared record highs, but were slightly down from December’s 11.4 million record count, the Labor Department said. The Biden administration has touted job growth as an indicator of economic recovery, but Wednesday’s report shows that the job market is still weathering the effects of the COVID-19 pandemic....