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California swims against the tide of “The Great Resignation”

With a resignation rate in the past 12 months off only 2.32%, California is swimming against the tide of “The Great Resignation” that has seen employees quitting their jobs in record numbers. (See map below.)


Source: WalletHub

Overall, California ranks as the seventh lowest state in the country for employees quitting their jobs. Only Maryland, Massachusetts, Washington, Pennsylvania, the District of Columbia, and New York State (the lowest!) ranked lower.

Alaska ranked highest, with a resignation rate of 3.80% over the last twelve months.

According to an article by Adam McCann, a financial writer at WalletHub, Oded Shenkar of the Fisher College of Business at Ohio State University, asserts that the pandemic has had a big impact on people quitting their jobs. He states, “The pandemic has triggered a number of relevant factors, directly and indirectly. This includes psychological factors (people reassessing their life after a major trauma) and economic factors (low unemployment, a lot of savings, a feeling that a reckless Fed and a struggling administration will continue to pump money into the economy and boost stocks, making people feel rich hence confident they can take chances, inflation which makes it easier to get raises by switching, etc.”

For more details on WalletHub’s study, including the ranking of all fifty states plus the District of Columbia, visit https://wallethub.com/edu/states-with-highest-job-resignation-rates/101077.