Compare that to February, when the unemployment rate was 3.5%, the lowest it had been in about half a century. Economists say the real number of unemployed Americans is likely higher, since the BLS doesn't count people who aren't actively seeking work. Many people can't look for a job right now because of the health crisis.
, "I strongly believe in sucking it up and staying put." Keswin was an executive coach at New York University's Stern School of Business during the 2008 recession, where she counseled dozens of alumni who'd been laid off. The decision to quit your job during a recession depends heavily on your financial circumstances and your family dynamicfrom the Bureau of Labor Statistics shows that the US quit rate bottomed out in August 2009, with about 1.6 million workers leaving their jobs that month. In January 2020, when the economy was stronger, that number was roughly 3.5 million.People's fears about not being able to find another job are generally grounded in reality.
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