(TENNESSEE) Here's something you might not be proud to learn, workers in the Volunteer State rank the 10th highest in the country!
There are jobs available in practically every field.
Here on WGNS, you hear local restaurants announcing job opening, specialized areas like nursing and education both have job fairs and offering incentives for going to work.
There is a shortage of emergency responders for police, fire departments and paramedics.
A shortage of truck drivers, a need for driverswith CDL licenses. The American Trucking Association estimates that they needed 78,000 more drivers last year (2022) and 80,000 in 2021.
Middle Tennessee State University's commercial pilot and air traffic control degrees are attracting more and more students. There's a shortage in both of those fields.
With Americans quitting their jobs at high rates during the so-called “Great Resignation,” even in the face of high inflation, WalletHub released its updated report on 2023’s States With the Highest Job Resignation Rates, along with expert commentary.
WalletHub ranked the 50 states and the District of Columbia based on how frequently people are leaving their places of employment. Below, you can see highlights from the report.
Here's How Tennessee Ranked
- Resignation rate during the latest month: 2.70%
- Resignation rate in the past 12 months: 3.37%
- Overall rank: 10th highest in the country
What happens to those who dropped out of the work force?
WalletHub researchers spoke with several key officials.
"...Those who exited the labor force may stay out, which reduces potential output. On the other hand, a strong market pulls in younger workers and creates opportunities to build human capital and advance, which are positives for the economy.”
Andrew Burnstine, Ph.D. – Associate Professor, Lynn University
“Elevated federal transfer payments will remain a part of the U.S. worker landscape as it has been in Europe for some time (e.g., the so-called social safety net). While the non-work benefits have been reduced, they remain elevated from pre-pandemic levels and continue to incentivize workers to remain out of the workforce...Thus, labor force participation rates will not return to pre-pandemic levels for another 8-10 years.”
Ernie Goss, Ph.D. – Professor, Creighton University
“The economic conditions today are unlikely to persist through the end of 2023. We are headed for disruption, and I expect a re-engagement in the labor force with many workers who are likely to see a more difficult economic environment by the fourth quarter of 2023.”
Maurice E. Schweitzer, Ph.D. – Professor, University of Pennsylvania
To view the full report and see Tennessee’s rank, please visit:
https://wallethub.com/edu/
