Let's dive into our top story this hour, It
is that jolts, report 4.4 million americans either quit
or change their jobs this month or the month of
february as job turnover just continues to remain high.
The Bureau of Labor Statistics, revealing Tuesday that employers
hired 6.7 million people and reported 11.3 million job openings
. Job openings have more than doubled since the end
of 2020 and have reached astronomical levels compared to the
last two decades. Industries throughout the country continues to
face labor shortages, which has led to kind of
the slower production and lower revenue numbers. This has
led more employers to kind of dish out higher wages
and better working conditions to new employees and thus higher
turnover rate throughout the country. Another reason for this
high turnover rate that we're seeing within kind of the
job market, the pandemic trend of employers leaving or
employees leaving their jobs to start their own businesses.
Though most of those businesses so far have proven to
be a bit short lived.