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New Data Finally Shows Why People Are Quitting Their Jobs. It's Definitely Not Because They're Lazy

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Often the simplest explanation for big changes is the obvious one.

For months, people have been trying to figure it out: If a total of 12.7 million people quit their jobs in July, August, and September, what are they all doing now?

Could it be that all 12.7 million people suddenly just aren't working?

If so, how do they eat and pay their rent or mortgages? And why aren't they showing up in the unemployment rate, which has been trending downward? At 4.6 percent, it's the lowest since the start of the pandemic.

 

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