The pandemic era’s “great resignation” has morphed into desperate “job hugging” — with workers clinging to their positions at levels not seen in nearly a decade, according to the latest data.

The so-called quits rate among US workers slipped to 2.0% in June, far below the 3.0% peak of November 2021, according to the Bureau of Labor Statistics.

Just 3.14 million people quit in June — down from 3.27 million in May — marking a steady return to pre-pandemic lows. By contrast, 4.5 million people quit their jobs in November 2021.

Employees are holding onto jobs “for dear life,” consultants at Korn Ferry wrote in a report last week that was cited on Monday by CNBC . 4

In total, about 47.4 million Americans quit their jobs throughout 2021, setting an annual record. As of June, arou

See Full Page