In the twenty years preceding February 2021, roughly a year after the beginning of the COVID-19 pandemic, the United States resignation rate never surpassed 2.4% of the total workforce per month.[6] High quit rates indicate worker confidence in the ability to get higher paying jobs, which typically coincides with high economic stability, an abundance of people working,[2] and low unemployment rates.[8][9] Conversely, during periods of high unemployment, resignation rates tend to decrease as hire rates also decrease.