4.3 million Americans quit their jobs in August, a new record

A record 4.3 million Americans voluntarily quit their jobs in August according to the latest data from the US Department of Labor.

Approximately 4 million people per month have been leaving their jobs since the spring, as part of a trend that has become known as the Great Resignation.

It is a sign that workers believe they have leverage in a jobs market defined by labour shortages, as the economy rebalances in what is hoped to be the tapering off of the Covid pandemic.