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The Latest Jobs Data: Is The Great Resignation Over?

  • Employee quit rates in the U.S. are back to pre-pandemic levels, raising questions about the end of "The Great Resignation."
  • Bureau of Labor Statistics reported resignations are down substantially since peaks in late 2021 and 2022, as are hire rates and job openings. Media mentions of The Great Resignation are also down from previous years, and many experts have proclaimed this trend is over.
  • Effective leaders acknowledge that the factors fueling the trend still exist, prompting them to adapt their organizations with new talent strategies.
  • These leaders prioritize flexibility, active listening, updated pay and benefits, cost management during inflation, employee wellbeing, and a strong organizational culture.

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