On Tuesday, March 29, 2022, the U.S. Bureau of Labor Statistics (BLS) released its February Job Openings and Labor Turnover Summary. Notably, the number of quits—defined by the BLS as a “voluntary separation initiated by the employee”—increased to around 4.35 million recorded in February, up from around 4.25 million in January. Experts typically use “quits” as a measure of workers’ willingness or ability to leave jobs.
This upward trend comes after the year 2021 saw record quit rates. In particular, around 4.5 million workers left their jobs in November 2021. In February’s report, many industries, including retail trade, durable goods manufacturing, and state and local government education, saw significant increases from January’s numbers. In contrast, the finance and insurance segment saw a notable decrease in quits.