In the wake of the unprecedented, albeit brief jobs crisis brought about by the Covid-19 pandemic, a new trend emerged in the U.S. labor market in 2021, as tens of millions of Americans voluntarily left their jobs. In 2022, more than 50 million Americans took part in 'the Great Resignation', as workers were confident to find better pay or better career opportunities elsewhere in a red hot labor market. After peaking between November 2021 and April 2022, when almost 4.5 million people quit per month on average, the movement steadily lost steam, though, with the number of quits falling back below the four-million mark in January 2023 and continuing their downward trend from there. According to the latest JOLTS report, 3.3 million Americans left their job voluntarily in March 2025, down from a monthly average of 4.2 million in 2022, 3.7 million in 2023 and in line with the 2024 average.

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