Expert insight

The Big Quit isn’t quitting quite yet

April 07, 2022

Resignations are on the rise in a strong economy
A line chart shows quit rates and Vanguard quit-rate forecasts tracking closely together over the last two decades.
As job turnover has increased, so has compensation
A scatter plot shows the relationship between monthly quits rates and year-on-year increases in salaries and wages over the last two decades. A trend line slopes upward. As quits rates increase, salaries and wages tend to increase correspondingly. The highest quits rates and salary and wage increases in the series correspond to the most recent readings of both indicators.

Contributors

Adam Schickling
Vanguard Information and Insights

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