According to Bankrate’s August jobseeker survey some 55% of people are looking for a new job.
Mark Hamrick, senior economic analyst at Bankrate says,
“There have been a lot of epiphanies and reckonings that have occurred during the time with respect with how we’re prioritizing ultimately our values, and of course how work fits into that.…
If there ever were a time for someone to be in a position to make a reasonable request of their employers, this would be the time.”
Millions still remain unemployed, but certain industries are struggling to find workers. The unemployment rate fell to 5.4% in July but remains higher than pre-pandemic.
At the end of June there were over 10 million job openings, according to the Bureau of Labor Statistics.
- 56% of those surveyed said that flexibility was their primary reason to look for a new job
- 52% of those making $30,000 or less still put flexibility as their top reason to look for a new job, over higher pay
- Nearly 40% of consumers surveyed by Ally Bank in August said they’re considering changing jobs in the next six months, citing remote work, career advancement and flexibility as top desires.
Emily Shallal, executive director of consumer strategy and innovation at Ally Bank says,
“What is so critically important is not to feel like you’re being forced to stay in a career or job because of money.”
If you are considering leaving your job or looking for a new one, here are some money basics:
- Make sure you have enough SAVINGS in place to continue to pay for essentials while you’re still working; rent, utilities, food, etc
- Besides savings, have an EMERGENCY FUND to help you cover them during a period of unemployment. (Experts recommend 3 to 6 months of expenses)
- Work to PAY DOWN DEBT you have, like high-interest credit cards.
(Refinance at a lower rate)
- Consider taking on PART-TIME JOB to offset costs during your job search
The survey asked 2,452 adults for from July 28 to July 30, 2021.
A recent survey by @LatticeHQ found that 54% of employees are actively looking to leave their job, and 43% of respondents say their career has stalled. CEO @jaltma explains the reasons for "the great resignation" and how employers can do more to retain workers. pic.twitter.com/2hAB2f6P6y— The Exchange (@CNBCTheExchange) August 23, 2021
(Photo, screengrab; via CNBC)