Are Firms Causing People To Quit? Quits Rate Increasing To 2.7%

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Are firms causing people to quit? Quits rate increasing to 2.7%:

private sector average hourly earnings

Going forward we should see if current wage trends, unlike that in April 2020, increasing most in the low wage sector continues. In restaurants, for example,We can expect real wage increases in sectors where pay and working conditions are the worst if nothing else happens and workers continue quitting their jobs at record rates in these sectors.In the short term, firms facing recruitment and retention difficulties have several options.

 

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