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If you zoom in on one sector - the accommodations and food-services industry - mostly composed of restaurants and hotels, this sector has seen more quits than any other part of the economy. But it’s not bleeding jobs. Quite the opposite: Accommodation and food services added 2 million employees in 2021, more than any other subsector.
In fact, accommodation and food services, which has been hardest hit by the Great Resignation, has also created one out of every three net new jobs in 2021.
MORE IDEAS FROM THE SAME ARTICLE
The term Great Resignation was coined by Anthony Klotz, a professor at Texas A&M, in May; at the time, he framed a mass exodus from the workforce as a prediction for the next year. But since the bottom fell out of the economy in April 2020, the labor-force participation rate has increase...
Remote workers are significantly more likely to say they’re burned out now compared with before the pandemic. Because remote workers are a very white-collar group, this fact has led to a great deal of news coverage claiming that the Great Resignation is being driven by white-collar professionals....
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