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If you’re a participant in the American labor market, then you’ve likely heard that we’re in the midst of “The Great Resignation.” According to the U.S. Department of Labor, workers are quitting their jobs in unprecedented numbers. Gallup recently reported that 48% of employees are currently searching for new jobs, and some studies have suggested that number might be as high as 95%. Anecdotes of increasingly rapid job switching abound.

Much of this is good news: Job seekers are taking advantage of a tight labor market and assessing their options. Often they’re finding jobs that better suit their skills and offer better pay and benefits. Even before “The Great Resignation,” employees started switching jobs more frequently. The average individual now changes jobs twelve times in their lives which means our tenure at any one particular job may be just a few years.

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