Are Coloradans Really Just A Bunch Of Quitters? Data Says Yes
Everybody knows that the COVID-19 pandemic - generally speaking - has had a huge impact on the lives of businesses and people nationwide, as well as those around the world.
As a direct result of the pandemic, millions of Americans have lost their jobs; on the latter, however, the pandemic has also triggered millions of others to make the ultimate decision to leave their jobs on their own.
As CBSNews puts it, America is becoming a "nation of quitters" as a record number, 4.4 million Americans, reportedly quit their jobs in September 2021.
That number accounts for Americans nationwide, but some states in the country are seeing a higher number of those quitting the workforce than others.
So, which states are among those seeing the highest rate of people quitting their jobs? You guessed it - Colorado is.
Apparently, we've got a lot of quitters here in the Centennial State.
How Many Coloradans Have Quit Their Jobs?
According to data collected by CBSNews via the Bureau of Labor Statistics, Colorado ranks among the top 10 states in the country for those quitting their jobs.
The data shows that Colorado saw a 4.3% quit rate among those in the state leaving their jobs willingly, which put our state in a 4th place tie with Indiana and Alaska, two states who also saw a 4.3% increase in those quitting their jobs during the month of September.
Nevada and Montana each saw a quit rate increase of 4.5% and 4.8%, respectively - but it was ultimately Hawaii that saw the biggest increase in its "quit rate", which stood at 7.1% in September 2021.
Why Are So Many Americans Quitting Their Jobs?
Well, economists at Oxford Economics recently said the labor market in 2021 is "hot", which, in turn, could be giving workers the confidence to quit and forcing businesses to raise their salary wages.
On the latter, however, those same economists have predicted that more Americans will return to the job market in 2022, which should help ease the current hiring and wage pressures put on many businesses nationwide.
Other factors that could've played - and continue to play - a major role in why so many people have quit their jobs include higher-than-average COVID rates in certain states, and aging populations in certain states, which oftentimes lead to labor market tightness.
Where Colorado Stands Today
The Bureau of Labor Statistics releases quit rate data on a seasonal basis; data regarding quit rates in October and November 2021 hasn't been released yet.
As our country continues to fight the COVID-19 pandemic, however, concerns continue to rise around the fate of our country's workforce; since the recent discovery of the new COVID-19 variant (Omicron), analysts believe that those in the workforce will still have safety concerns in regards to returning to the workplace.
"It may take some time for some people to feel comfortable returning to work," analysts with Goldman Sachs noted in an early December research report, as per CBSNews.
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