New Mexico Sees "Quit Rate" Above National Average

From KOB-TV:

The pandemic has disrupted workplaces in many ways. As people worked remotely in record numbers, they took time to reevaluate their lives and many quit, leading to the Great Resignation. One marketing and communications consultant in Albuquerque did even more than that. 

"I kind of always wanted to venture out on my own and do some contracting work and fulfilling that entrepreneurial dream," said Matt Mora, a freelance marketing consultant.

Reilly White, Ph.D., an associate professor of finance at UNM, says New Mexico's 3% quit rate outpaced the 2.9% national rate.

"It was 25,000 in December, 25,000 in November and 22,000 in October," White said. "That represents about 3% of our workforce at any given time quitting their jobs."

White said many of those workers do quit for other jobs – often for better pay or other benefits – and right now it’s an employee's market, meaning employers are going to have to find ways to adapt.

"There are two available jobs for every unemployed person," White said. 

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