Quit Rates Have Dropped 11% As Workers Cling To Their Jobs
Allwork
FEBRUARY 5, 2025
Nearly 40 million Americans quit their jobs in 2024, marking a significant slowdown in turnover. According to Labor Department data, the number of quits dropped 11% compared to 2023 and plummeted 22% from a peak in 2022. This represents the slowest rate of job departures since 2020, according to The Wall Street Journal. While the U.S. job market remains strong, hiring activity has slowed down.
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