Finance

Workers In Red States Are Quitting Their Jobs At Higher Rates And Why That May Be A Good Sign

Workers In Red States Are Quitting Their Jobs At Higher Rates And Why That May Be A Good Sign

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

Employees in Republican states have a higher quitting rate than those governed by Democrats, potentially indicating a more secure job environment in the red states.

A woman walks by a “Now Hiring” sign outside a store in Arlington, Va., on Aug. 16, 2021. (Olivier Douliery/AFP via Getty Images)

Among the top 10 states with the highest resignation rates during the past 12 months, eight are Republican, according to data from WalletHub. This includes Alaska with a 12-month resignation rate of 4.18 percent, followed by Kentucky with 3.74 percent, Montana with 3.69 percent, Wyoming with 3.66 percent, Mississippi with 3.53 percent, Idaho with 3.48 percent, South Carolina with 3.48 percent, and Indiana with 3.42 percent.

The only two Democratic states in the top 10 were Georgia and Arizona at the second and tenth spot, with 12-month resignation rates of 3.86 percent and 3.37 percent, respectively.

Employee quitting rates tend to be higher when workers are confident about finding another job, which demands a robust economy.

Higher quit rates are a sign of worker confidence,” Julia Pollak, chief economist at job site Zip Recruiter, told MarketPlace in a recent interview.

When there are more jobs out there, it’s more likely that you’ll take a leap and apply for a new one,” she added, per the outlet.

In a July 5 article, The Wall Street Journal reported that the COVID-19 pandemic “changed the geography” of the American economy as red states recovered economically more quickly than blue states. Workers moved from the coasts to the middle of the United States and Florida.

The share of jobs in Republican states has risen by over half a percentage point since February 2020, according to an analysis conducted by the Brookings Institution. As of May 2022, red states added 341,000 jobs, while blue states lost 1.3 million jobs.

The COVID-19 pandemic triggered a shift in employment structure as more businesses opted for remote work. This allowed many employees to move to red states that have cheaper housing, lower taxes, and less traffic.

Read more here…

Tyler Durden
Fri, 07/22/2022 – 11:23

Share this Story
Load More Related Articles
Load More In Finance