{"id":3856,"date":"2022-04-13T09:46:28","date_gmt":"2022-04-13T14:46:28","guid":{"rendered":"https:\/\/www.employco.com\/blog\/?p=3856"},"modified":"2022-04-13T09:46:28","modified_gmt":"2022-04-13T14:46:28","slug":"hr-newsletter-employee-quits-increase-in-february","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2022\/04\/13\/hr-newsletter-employee-quits-increase-in-february\/","title":{"rendered":"HR Newsletter: Employee Quits Increase in February"},"content":{"rendered":"

\"Quit\"<\/p>\n

On Tuesday, March 29, 2022, the U.S. Bureau of Labor Statistics (BLS) released its February Job Openings and Labor Turnover Summary<\/a>. Notably, the number of quits\u2014defined by the BLS as a \u201cvoluntary separation initiated by the employee\u201d\u2014increased to around 4.35 million recorded in February, up from around 4.25 million in January. Experts typically use \u201cquits\u201d as a measure of workers\u2019 willingness or ability to leave jobs.<\/p>\n

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\u2019s report, many industries, including retail trade, durable goods manufacturing, and state and local government education, saw significant increases<\/a> from January\u2019s numbers. In contrast, the finance and insurance segment saw a notable decrease in quits.<\/p>\n

<\/p>\n

Other key takeaways from the report include a relatively unchanged quit rate, despite the increase in total quits. Additionally, February saw 6.7 million hires, an increase of 263,000 from January. However, the number of job openings remained relatively unchanged, with around 11.3 million open positions.<\/p>\n

Employer Takeaway<\/strong> – This increase in quits indicates that the demand for workers remains high, and employers continue to face challenges retaining employees at the start of the year. Various factors influence this high quit rate. Many workers are leaving their jobs for advantages including improved compensation, benefits or workplace flexibility, such as positions that allow remote work. Additionally, safety concerns have remained for many workers amid the ongoing COVID-19 pandemic. While COVID-19 cases trended down in February, the coronavirus Omicron variant and its subvariant BA.2 continue to persist.<\/p>\n

These labor challenges are largely expected to continue into 2022 in today\u2019s worker-friendly employment market. Employers should continue to monitor employment trends to stay informed on the ever-changing labor market.<\/p>\n

Contact Employco USA<\/a> today for more resources.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2014defined by the BLS as a \u201cvoluntary separation initiated by the employee\u201d\u2014increased to around 4.35… <\/p>\n

Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-3856","post","type-post","status-publish","format-standard","hentry","category-hr-newsletter"],"featured_image_src":null,"author_info":{"display_name":"Employco USA","author_link":"https:\/\/www.employco.com\/blog\/author\/employcousa\/"},"yoast_head":"\r\nHR Newsletter: Employee Quits Increase in February - Employco Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.employco.com\/blog\/2022\/04\/13\/hr-newsletter-employee-quits-increase-in-february\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"HR Newsletter: Employee Quits Increase in February - Employco Blog\" \/>\r\n<meta property=\"og:description\" content=\"On Tuesday, March 29, 2022, the U.S. Bureau of Labor Statistics (BLS) released its February Job Openings and Labor Turnover Summary. 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This month\u2019s reported number of employee quits fell from a record high of 4.5 million in March to around 4.4 million in April. 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The month\u2019s reported number of job openings rose to 11.2 million in July, compared with 11 million in June. 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As the labor market becomes less worker-friendly, employees are less likely to search for new jobs. Notably, a report from LinkedIn found that in 2024, employee attrition rates, which measure the percentage of workers that leave\u2026","rel":"","context":"In "HR Newsletter"","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5571,"url":"https:\/\/www.employco.com\/blog\/2024\/11\/19\/hr-newsletter-workers-likely-to-explore-job-market-in-2025\/","url_meta":{"origin":3856,"position":4},"title":"HR Newsletter: Workers Likely to Explore Job Market in 2025","author":"Employco USA","date":"November 19, 2024","format":false,"excerpt":"Although employee quits have trended down in 2024, EY\u2019s 2024 Work Reimagined Survey report found that 38% of employees are likely to leave their jobs in the next year. According to the survey results, EY advises that to maintain a talent advantage, employers may need to hone their attraction and\u2026","rel":"","context":"In "HR Newsletter"","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4485,"url":"https:\/\/www.employco.com\/blog\/2023\/02\/14\/hr-newsletter-union-membership-rates-decreased-in-2022\/","url_meta":{"origin":3856,"position":5},"title":"HR Newsletter: Union Membership Rates Decreased in 2022","author":"Employco USA","date":"February 14, 2023","format":false,"excerpt":"According to the U.S. Bureau of Labor Statics (BLS), the rate of labor union membership decreased from 10.3% in 2021 to 10.1% in 2022. The 2022 unionization rate is the lowest since the BLS started tracking comparable union data in 1983. Despite the decrease in the union membership rate, the\u2026","rel":"","context":"In "HR Newsletter"","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"HR Newsletter: Union Membership Rates Decreased in 2022","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/3856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/comments?post=3856"}],"version-history":[{"count":1,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/3856\/revisions"}],"predecessor-version":[{"id":3857,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/3856\/revisions\/3857"}],"wp:attachment":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/media?parent=3856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/categories?post=3856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/tags?post=3856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}