Retail workers’ willingness to quit helps explain why hiring has been short of expectations in the last two months.
Employers didn’t fill as many jobs as expected during August or September, despite the end of many unemployment benefits and the beginning of school, Wells Fargo economists noted in emailed comments last week.
“The end of emergency unemployment insurance and kids returning to campus this September was not the silver bullet for the jobs recovery many hoped for,” Wells Fargo’s Sarah House and Michael Pugliese said.
