Industries across the board reported staggering increased resignation rates in March. According to StaffingHub, March saw an industry high of the number of individuals leaving their jobs. Data from the Bureau of Labor Statistics showed 4.5 million resignations, a 152,000 increase in February’s 4.4 million.
The industries that did see increased resignation rates in March include:
- Retail Trade
- Professional and Business Services
- Finance and Insurance
- Durable Goods Manufacturing
- Nondurable Goods Manufacturing
Additionally, some industries did see a decline in the number of job openings. These include:
- Transportation, Warehousing, and Utilities
- Accommodation and Food Services
- State and Local Education
- Wholesale Trade
- Health Care and Social Assistance
For the above professions, retail trade had the most significant number of job openings in March, while nondurable goods manufacturing and health care and social assistance are the two professions that had the least steep change in the decrease or increase of job openings.
Since March of last year, net employment has increased, with 77.7 million hires and 71.4 million separations (i.e. quits, layoffs, discharges, etc.). This increase amounted for a net employment gain of 6.3 million over last year.
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Kristen Burgess is the Marketing Specialist at Alliance of Professionals & Consultants, Inc. She has five years’ experience in curating content for digital platforms, social media contributions, and supporting marketing campaigns and strategies. Before joining the APC wolfpack, she worked in digital marketing for software as a service, giving her keen insight into the types of professionals APC hires today. In addition, she likes to stay up-to-date on the most relevant trends within the technology industry through thought-provoking podcasts and newsletters while paying attention to industry leaders’ trends. In her spare time, she serves on the Management Team and helps craft communications for the Junior League of Durham and Orange Counties.Â