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The Great Resignation, Unemployment, And Underemployment In The Us: A Study Of Labor Market Segmentation, Thomas E. Lambert
The Great Resignation, Unemployment, And Underemployment In The Us: A Study Of Labor Market Segmentation, Thomas E. Lambert
Faculty Scholarship
During 2021 and 2022 many news media outlets have been reporting that millions of workers in the US have been quitting their jobs in record numbers. In a global economy rebounding from the economic downturn caused by the Covid-19 outbreak and demanding more workers, a high rate of resignations has exacerbated labor shortages and may be aggravating underemployment rates if many workers are choosing not to be part of the labor force or only to work part time. Many reasons have been offered to explain this “Great Resignation” including high day care costs for working parents which may in turn …