Who / What
The Great Resignation is a major labor‑market phenomenon that began in early 2021 during the COVID‑19 pandemic. It refers to a mass wave of employees voluntarily resigning from their jobs across the United States.
Background & History
The trend emerged in early 2021 as workers reassessed their careers amid pandemic‑related disruptions. It grew between 2021 and 2023, with especially high quit rates in hospitality, healthcare, and education sectors. Key milestones include the initial surge in quit filings in 2021, a peak of resignations in 2022, and a noted decline in 2023.
Why Notable
It reshaped the American job market, forcing employers to confront wage stagnation, benefits gaps, and workplace culture issues. The shift prompted a reevaluation of remote‑work policies and the lure of career advancement opportunities, thereby influencing hiring, compensation, and employee retention strategies nationwide.
In the News
Recent coverage highlights the ongoing impact of the 2021–2023 quit wave on labor supply shortages and the increasing emphasis on flexible working arrangements. The trend remains relevant as businesses and policymakers seek to address talent retention and address the root causes of employee turnover.
