Around 4.4 Million Americans have either quit their jobs or changed them this past February. The high turnover comes as the Bureau of Labor reported that there were more than 11.3 million job openings despite 6.7 million people getting hired.

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4.4 Million Americans Quit or Changed Jobs in February

Let's dive into our top story this hour, It is that jolts, report 4.4 million americans either quit or change their jobs this month or the month of february as job turnover just continues to remain high. The Bureau of Labor Statistics, revealing Tuesday that employers hired 6.7 million people and reported 11.3 million job openings. Job openings have more than doubled since the end of 2020 and have reached astronomical levels compared to the last two decades. Industries throughout the country continues to face labor shortages, which has led to kind of the slower production and lower revenue numbers. This has led more employers to kind of dish out higher wages and better working conditions to new employees and thus higher turnover rate throughout the country. Another reason for this high turnover rate that we're seeing within kind of the job market, the pandemic trend of employers leaving or employees leaving their jobs to start their own businesses. Though most of those businesses so far have proven to be a bit short lived.