The so-called great resignation has become the "great stay." But experts say workers aren't just staying — they're "job hugging."

Job hugging is the act of holding onto a job "for dear life," consultants at Korn Ferry, an organizational consulting firm, wrote last week.

The rate at which workers are voluntarily leaving their jobs — known as the quits rate — has hovered around 2% since the start of the year, according to data from the U.S. Labor Department's Job Openings and Labor Turnover Survey. Outside of the initial days of the Covid-19 pandemic, levels haven't been that consistently low since early 2016.

The quits rate is a barometer of workers' perceptions of the broader labor market, said Laura Ullrich, director of economic research in North America at the Indeed Hiring Lab.

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