As the dust begins to settle on the Covid-fueled economic tumult of the last few years, one pandemic-era trend appears to be on its way out: The Great Resignation
Almost 50 million people quit their job in the two years following the worst of the pandemic, citing pressures such as burnout, general job dissatisfaction, or child care or elder care needs. Amid a tight labor market, many were also able to find a better job, with better pay. The trend was so prevalent that Beyoncé even released a song about it. Now, experts say the phenomenon is finished.
A ‘fearful narrative’ ‘Help Wanted’ signs are not being taken down just yet. The BLS shows the rate of job growth is up in the construction, manufacturing, health, education and food services industries. Despite the apparent end of the Great Resignation, the job market continues to hum along; the US economy added 339,000 jobs in May.
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