Record job resignations - Unvaccinated-only lockdown - Johnson & Johnson spinoff

4.4 million people quit their jobs in September, or about 3% of the nation’s workforce. That’s up from 4.3 million in August and far above the pre-pandemic level of 3.6 million. Quitting has risen particularly sharply in industries that are mostly made up of in-person service jobs, such as restaurants, hotels, and retail, and factories.
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It is typically perceived as a signal of worker confidence when people leave the jobs they hold. The vast majority of people quit for a new position. Incomes are rising, Americans are spending more and the economy is growing, and employers have ramped up hiring. Rising inflation, however, is offsetting much of the pay gains for workers.
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Goldman Sachs estimates that most of the 5 million are older Americans who have decided to retire. Only about 1.7 million are aged 25 through 54. Goldman estimates that most of those people in their prime working years will return to work in the coming months, but that would still leave a much smaller workforce than before the pandemic.