The official U.S. unemployment rate is 5.2% (and 5.4% in Ohio). However, when including individuals who are no longer looking for a job but who would welcome the chance to work, the “real” unemployment rate is closer to 8.2%, says OMA Connections Partner RSM.
In August, the nation’s “quit rate” reached a record 2.9% — 25% higher than before the pandemic. In manufacturing, the quit rate is 2.5% — the lowest of six major sectors of the economy. “But it has accelerated every bit as quickly as factories race to poach one another’s workers and increase production as supply-chain issues reshuffle the global manufacturing landscape,” The Washington Post reports.10/14/2021