10 Million Job Openings and a Record High Quit Rate

I chalk up the explosion in quits (2.7%, now at a 20 year high) and new business formation to three main causes: Stimulus cash padding people’s bank accounts, the combination of cloud computing plus iPhones allowing anyone to start a business, the fintech revolution enabling payments for everyone.  And that’s only part of what we get into this week. Thanks to Allison and Sam for bringing so much information ...

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source https://thereformedbroker.com/2021/08/15/10-million-job-openings-and-a-record-high-quit-rate/