Why Millions of Americans are Quitting the Workforce

Americans are leaving their jobs in droves.

Government figures show that in August, 4.3 million Americans quit their jobs. While some people have left the workforce entirely, job security and better pay are top concerns for others.

The quits rate, which is measured against total employment, rose to a series high of 2.9% in August, according to the U.S. Labor Department’s Job Openings and Labor Turnover Survey (JOLTS).

Dubbed "The Great Resignation," the exodus of workers has created hiring challenges for companies and left millions of jobs unfilled.

More than half of U.S. workers surveyed said they plan to look for a new job in the coming year, according to Bankrate’s August job seeker survey. Some 56% of respondents said adjustable working hours and remote work are a priority.

Working women have faced an additional burden, juggling child care duties, virtual schooling and their careers.