From the article: It goes on to describe several possible explanations why this might be.
From the article:
Bewildered, we called Nick Bunker, economic research director at the job site Indeed. Bunker is the world’s second-most-prominent fan of job-opening and hiring data, behind only Treasury Secretary Janet L. Yellen, and he had a ready explanation for the seeming disconnect.
“It’s churn,” he said. Those red states weren’t creating jobs faster. They were just hiring more often because folks were bouncing around more. Red states don’t have more layoffs or job openings than blue ones, they just have more quits and hires.
As Bunker points out, quits and hires track each other closely. They both reflect how fast businesses churn through workers. When you combine quits and layoffs, then chart them against hires, you can’t tell the two lines apart.
It’s also why the ever-genial Bunker becomes uncharacteristically agitated when he discusses the “Great Resignation.” Yes, everybody was quitting, but they weren’t giving up. They were getting rehired elsewhere.
When we ran the numbers using the Bureau of Labor Statistics biennial job-tenure survey, we quickly verified that red states see more job-hopping than blue ones.
It goes on to describe several possible explanations why this might be.
From the article:
It goes on to describe several possible explanations why this might be.