Stop dreaming about a better job — go out and get it. Now’s your chance.
According to recently released data from the US Bureau of Labor Statistics (BLS), more than 3.2 million people quit their jobs in May 2017, the most Americans to quit in a month since early 2001. It’s also the highest rate of quitting since June 2006.
No, this isn’t a sign of an impending economic disaster — it’s actually a great sign of a booming labor market.
“You only see people quitting their jobs when there are good opportunities available and there is a healthy labor market,” says Glassdoor’s Chief Economist Dr. Andrew Chamberlain. “This is a job seekers market. You have a lot of bargaining power when there are about 6 million open jobs in the U.S. and low unemployment.”
Plus, the number of open jobs for each unemployed person, commonly known as the vacancy rate, is higher than it’s been in a long time.
Strike while the iron — or the market — is hot! “If anyone is not completely satisfied with their job, now is the time to make a move to get what you want,” insists Chamberlain.
Case in point, the June 2017 jobs report revealed 222,000 new jobs added to payrolls in June — well above most economists’ expectations. The strongest job gains by industry were in health care (+59,100 jobs), leisure and hospitality (+36,000 jobs), professional services (+35,000 jobs), government (+35,000 jobs), and finance (+17,000 jobs). Even the troubled retail sector added jobs for the first time since January, adding 8,100 jobs in June.
Glassdoor has millions of open job listings from thousands of companies who want you. There’s nothing keeping you from ditching that dead-end job for one that boasts better benefits, vacation time, career opportunities and pay.
Click ‘Send’ on your two-weeks notice and find a job that fits your life!