Carlos Gazitua, Sergio's Restaurants president and CEO, explained the problems plaguing the restaurant and retail industries and what actions are being taken to alleviate them.
4.4 million Americans, or about 2.9% of the workforce, quit their jobs in April. That's down slightly from the high of 4.5 million recorded in March, but well above the pre-pandemic level of about 3.6 million.
Meanwhile, the number of job openings fell slightly to 11.4 million by the end of April – the second-highest level on record, but below the upwardly revised figure of 11.8 million in March. There is a gap of roughly 5.46 million between openings and the number of available workers, suggesting the labor market is still extremely tight. That is below the difference of about 5.6 million in March.
The data emphasizes how newly empowered workers are quitting their jobs in favor of better wages, working conditions and hours as businesses lure new workers with higher salaries – a new trend dubbed the "Great Resignation." As a result, Americans' incomes are rising across the board as employers have ramped up hiring to offset the losses.
"Right now dishwashers are getting paid $18, $20 an hour [and I] can’t find anyone wanting to come want do that," he told host
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