Job Jumping

Over the past two years, 29% of the working population changed employers. Among Boomers the percentage was low at just 15%, for Gen Xers 17%, and for Millennials an elevated 32%. However, for Gen Zers it was a whopping 49%. This explains how overall economy-wide quit rates are averaging 34%/year for the last 18 months. It’s younger workers, some of whom are repeatedly job switching for better pay and opportunities.