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Toi Staff
Belen Fernandez
Gideon Levy
Donald Earl Collins
Eric Reinhart
Samer Jaber
Moncef Khane
Tarik Cyril Amar
Yara Hawari
Rachel Marsden
Marcel Fürstenau
Daoud Kuttab
The Labor Market Has Changed From the 'Great Resignation' to the 'Great Stay' Because 'Workers Aren't Going Anywhere'
Almost 100 million workers left their jobs from 2021 to 2022. Now, no one dares.
The "Great Resignation" of the Covid-19 pandemic saw 47.8 million Americans leave their roles in 2021, while an additional 50 million people quit in 2022. However, just a few years later, the "Great Resignation" is no more — employees want to keep their jobs and employers are taking a "no-hire, no-fire" approach to talent.
ADP Chief Economist Nela Richardson told CNBC on Monday that she calls the current labor market the "Great Stay" to reflect how people are "staying put" and "not leaving" their jobs, even in fields like IT and software development, which traditionally have high turnover rates.
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