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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.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”