Americans quit their jobs on a record-breaking clip in August, a new government report said Tuesday, with restaurant and hotel workers leading the mass exodus.
A whopping 4.3 million people quit two months ago, most since December 2000 – and 300,000 more than in July, according to the Labor Department report.
The layoffs in August represent 3 percent of the US workforce.
The number of new hires in August also fell sharply – from 6.8 million in July to 6.3 million – although the number of available jobs remained near record highs.
Last year, vacancies rose 62 percent, although vacancies fell to 10.4 million in August, from a record high of 11.1 million in July.
The layoffs in restaurants, bars and hotels rose in August compared to the previous month by 21 percent to a total of 900,000.
And in August there was a 6 percent increase in the number of retail workers leaving their jobs.
In industries such as manufacturing, construction, transportation, and warehousing, there was hardly any increase in layoffs.
For professional and business services, which include areas such as legal, engineering, and architecture, where most employees can work from home, the termination rate was largely unchanged.
With postal wires