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“Great Resignation” Continues with Record Numbers

Approximately 4.3 million workers left their jobs in August.

Published

3 years ago

October 21, 2021

INSTORE Staff

“Great Resignation” Continues with Record Numbers

Led by bar and restaurant and retail employees, a record 4.3 million workers resigned in August, according to U.S. Labor Department statistics, reports CNBC.

“As job openings and hires fell in August, the quits rate hit a new series high, surging along with the rise in Covid cases and likely growing concerns about working in the continuing pandemic,” said Elise Gould, senior economist at the Economic Policy Institute.

A total of 721,000 retail workers left their jobs in August, while 892,000 workers in the food service and accommodation industries and 534,000 in healthcare and social assistance followed suit. Among the reasons for resigning include health concerns and child care issues created by the pandemic.

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”