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25.11 - 13:37
Quit a job? You likely can't collect unemployment benefits
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cnbc.comAmericans are quitting their jobs in record numbers. However, they likely won't qualify for unemployment benefits.
Just over 4.4 million people quit in September, an increase of 164,000 from the prior record in August, the Labor Department said Friday.
The quits rate also jumped to 3%, another all-time high. (This measures the number of quits during the month as a percent of total employment.)
The "Great Resignation" may be attributable to many things — pandemic burnout, near-record job openings, higher pay, more workplace flexibility, or a reimagining of one's career.
Whatever the reason, people who quit their jobs typically can't rely on unemployment benefits as a financial buffer during their career transition.
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