30 March 2022

The Boss Still Sucks

And we see another near record quit rate in February.

Hoocoodanode?

Americans continued to switch jobs at near-record rates in February, with 4.4 million workers leaving their positions in a historically tight labor market.

Employers hired 6.7 million people that month while reporting 11.3 million job openings, according to a report released Tuesday by the Bureau of Labor Statistics.

“We continue to have an unusual amount of churn in the job market,” said Erica Groshen, an economist at Cornell University and a former head of the Bureau of Labor Statistics. “We were all just holding our breaths during the worst parts of the pandemic, but now that’s changing.”

People hate their bosses and their workplaces, and now it looks like 40+ years of managers eating their "Employee Goodwill" seed corn have finally come home to roost.

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