also known as the Big Quit is an economic trend in which employees voluntarily resigned from their jobs, beginning in early 2021, primarily in the United States. High quit rates indicate worker confidence in the ability to get higher paying jobs, which typically coincides with high economic stability, an abundance of people working, and low unemployment rates.
Much of the layoffs and resignations were driven by women, who disproportionately work in industries that were affected most by the lockdowns, like service industries and childcare.
The impacts of the pandemic and the economic fallout have been widespread, but remain particularly prevalent among Black people, Latino people, and other people of color. These disproportionate impacts reflect harsh, long-standing inequities — often stemming from structural racism — in education, employment, housing, and health care that the crisis exacerbated. Households with children also continue to face especially high hardship rates. Considerable evidence suggests that reducing childhood hardship and poverty would yield improvements in education and health, higher productivity and earnings, less incarceration, and other lasting benefits to children and society. (source: https://www.cbpp.org/)