Hate Your Job? You’re Not Alone As Resignations Soar In Montana
In the wake of the pandemic, a phenomenon known as the "Great Resignation" swept the United States, with workers leaving their jobs in unprecedented numbers due to dissatisfaction with pay and conditions.
And It turns out Montanan's is near the top of that list.
At the same time, experts claim the Great Resignation is over; however, its effects vary across states.
A recent WalletHub Study ranks the 50 states and the District of Columbia based on job resignation rates, considering the most recent month and the last 12 months.
Where Montana ranks will shock you!
Analyzing Resignation Rates
WalletHub's analysis relies on two key metrics:
- Resignation Rate (Latest Month): This metric reflects the rate at which people quit their jobs in the most recent month, highlighting the most up-to-date trends in labor force dynamics.
- Resignation Rate (Last 12 Months): This metric, given total weight, provides a broader perspective by considering resignations over the past year, allowing us to identify longer-term patterns.
The Experts Weigh In
To understand this workforce shift, WalletHub called in the experts who looked at:
- Key factors driving the labor force shift.
- Impact of declining labor force participation on employers.
- Remote work's role in the labor force transformation.
- Economic repercussions of this trend.
- Potential long-term implications and re-entry of prime-age workers in 2023.
According to one of the researchers Matt Fuss
One of the major factors influencing the shift in the labor force is the influence of feelings on work ethic. We have moved from “living to work” to “working to live” to the current state of “living only if work matters”. Younger people today must feel an emotional connection to their work and have been programmed to believe that every job must have a specific measurable effect on making the world a better place. The idea that labor and the trades are less-than jobs is also a significant factor in the massive labor shortage. The current workforce has lost an appreciation for the dignity of the work itself.
Turns out Montana is near the top of that list, sitting in the number 6 spot.