DALLAS — Everything is bigger in Texas, including how we quit. In July, 360,000 Texans resigned. In August, another 379,000 workers here said bye-byes to their employers.
So, in recent months, about one out of every 11 quitters in the U.S. was in Texas.
The Bureau of Labor Statistics just started giving these state level details. We’ve been talking about the record number of job quitters nationally, and the huge number of people who still plan to quit in the months ahead.
Pay is always a big reason people quit
They give all kinds of reasons, but always lingering around the top of the list is more pay. That might seem obvious, but is it?
A survey finds that on average, employers are planning 3% raises next year. The problem is, even if you get that 3% extra, you might technically make less money than you did this year.
That’s because inflation, which is the measure of how much more expensive things are getting, has been at more than 5%, so it’s simple math: Your much-increased expenses likely outpace your somewhat increased paycheck.
Employers: If your office turnstiles have already been spinning, and you are planning 3% raises -- or less -- next year, consider that in the past year people who stayed in their current positions got an average raise of 3.1%. But those who were lured away by other employers and switched jobs almost doubled that percentage with their wage increases (5.8%).
From a job jumper's perspective that math might look pretty simple too.
Hundreds of thousands in D-FW are making $100,000 or more
Out of the millions of people who live in the Metroplex, we have new data from Stessa showing that 306,240 workers in the Dallas-Fort Worth metro are in the six-figure club, compared to 262,200 in Houston.
The analysis shows that in 2015, Houston had 215,100 of these high wage earners, compared to D-FW’s 191,410.