"The rate of Americans quitting their jobs has slowed from a record high in November, but remains elevated compared to pre-pandemic levels. Data released by the Bureau of Labor Statistics on Oct. 4 showed 4.2 million Americans quit their jobs in August, about the same level as July. But few Americans who quit their jobs stay unemployed, Bunker noted. Though more than 4.2 million quit their jobs in August, just 898,000 job leavers were reported as unemployed that month. The median period for which Americans stay unemployed is currently 8.3 weeks, its lowest level in 20 years. "