LEXINGTON, Ky. (FOX 56) — New numbers from the U.S. Bureau of Labor statistics show Kentucky with an undesirable statistic.
The bluegrass state was ranked number five in the highest number of people quitting their jobs.
A business and economic director said the reason the quit rate is so high in Kentucky and across the nation has a lot to do with people leaving jobs to take new ones.
Around 79,000 Kentuckians quit their jobs in November. The resignation rate converts into a 4.2 quit rate according to the U.S. Bureau of Labor Statistics. The list includes people who left voluntarily with the exception of retirements.
“What we are seeing right now has more to do with a tight labor market. Employers are trying to find workers and as a result of that workers have a lot more negotiating power than they had in the past,” said director Mike Clark.
The director for business and economic research at the University of Kentucky weighed in on staff shortages across the bluegrass. He said people are searching for better job opportunities that come with better pay than what they have earned in the past.
“As a result of that they are finding that their current employer is not maybe willing to give them a raise or better working conditions they are finding that they have alternatives in terms of other jobs,” said Clark.
In an event that has been named “The Great Resignation”, workers have been leaving their jobs in response to the increased flexibility in the labor market. Job openings strongly outnumber those actually looking for work.
“In the past, they would of maybe like to find a worker who already came with some skill set,” said Clark.
Resulting in businesses looking for less qualified candidates.
“They may have to look at finding workers who are willing to be trained and then providing that training and providing good working conditions where workers will want to come and build a career,” said Clark