Quits in September Hit a New High
Over 4 million U.S. workers called it quits in September, marking a new high. Many industries saw an increase in quits, but the one that saw the most was “arts, entertainment, and recreation” – quits increased by 56,000 from the prior month. However, in October the U.S. workforce saw more than 2.5% of retired workers make a return to work. This is the highest rate seen since the start of the pandemic and is thought to be partly due to both the increase in vaccination rates and wages. From highs to lows...the U.S. gross domestic product is forecasted to grow annually at a 4.6% rate in Q4. This is down from the previous expectation of a 5.2% growth rate. When looking at the overall year of 2021, it’s thought that the GDP will rise 5.5% (original estimate was 6.1%). For 2022, the growth estimate is estimated to be 3.9% (original estimate was 4.4%). On [...]