'The Great Resignation has given way to the Big Stay'

The rate at which workers are quitting their jobs has fallen below pre-pandemic levels

(Image credit: Tom Williams / CQ-Roll Call, Inc via Getty Images)

published 7 March 2024

'The Great Resignation is now the Big Stay'

Jonathan Levin at Bloomberg

"The Great Resignation is in the rear-view mirror," says Jonathan Levin. The rate at which workers are quitting their jobs has fallen below pre-pandemic levels. This could be a good sign, indicating workers "have no reason to shop around" because wages have grown. Or it could be a troubling indication that the "labor market isn't all sunshine and roses." Either way, this could ease fears that "overly tight labor markets and too-hot wage growth" will supercharge inflation again.

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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.