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Home Fairfield

Is the Great Resignation finally over? 

Georgette Gouveia by Georgette Gouveia
March 7, 2024
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Resignation rates are dropping across the country.

New data has revealed that the number of people resigning, a pandemic phenomenon, has declined nationwide, in some states dramatically, with Connecticut and New York in particular lagging, however.  

The ranking, collated by HR Tech experts SelectSoftware Reviews, shows the percentage change in the job quits rate for each state between December 2022 and December 2023 (the latest figures available from the Bureau of Labor Statistics). The job quits rate is defined as the number of people resigning during an entire month as a percentage of the number of people employed.    

 Idaho is the state where job quitting is declining the fastest, with the resignation rate dropping by 48.9% across 12 months. Colorado, Michigan, Wyoming and Hawaii round out the top five, with percentage rates in the 30s. (The national average rate is 15.4%.) 

Connecticut finishes in the middle of the pack at No. 29, with a percentage change in resignation rate of 13.6. New York is 45th, with quitting declining only by 5.3%. Nebraska and Vermont are the only states that didn’t see a reduction in the quits rate. 

Discussing the findings, Phil Strazzulla, SelectSoftware Reviews CEO, said:     

“The majority of states have seen a decline in the resignation rate, which is reassuring to see after the shockingly high resignation rates seen in 2020 and 2021. This could be due to job openings and hiring rates also being down. Employees are aware that the job market has become more competitive, and they might not be able to find another position if they were to resign. Or it could be that the workplace is shifting in its attitude towards work-life balance by putting more of an emphasis on the well-being of their staff, meaning that employees are less burnt out and value their employment more. Whatever the reasons, it is reassuring to see that resignation rates are generally lowering.” 

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