The latest data shows Americans are still quitting their jobs at near-record rates despite recession fears. One expert explains why, and how the labor market has changed for good.
Strategic Funds co-managing director Marc Lopresti and CEO of Recruiting.com Evan Sohn unpack the state of the economy and its impact on hiring following strong May jobs reports.
"There's a mismatch between people and their skills and what they want to do, with the work that needs to be done," Bauke toldThose so-called "boomers" left new generations of workers in their place who are refusing to fall in line the way their parents and grandparents did."On top of that," she continued, "you've got this demand that greatly outstrips the supply, which gives the younger generation leverage – and they're not afraid to use it.
Bauke says the high quit rates now are due in part to the impatience of workers and employers alike. Some workers wooed by salary increases have been too quick to jump ship andthe move, while companies too eager to get bodies in the door to fill positions have not been choosey enough in their hiring.
A large"Now Hiring" advertisement is posted on the windows of the Advance Auto Parts store in Bay Shore, New York on March 24, 2022.
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