Tennessee ranks 10th on WalletHub list of states with highest job resignation rates
This is probably not a distinction that you necessarily want if you are an employer. In its latest ranking report of states, WalletHub, the personal finance website, compared the 50 states and District of Columbia on the impact of the “Great Resignation.”
WalletHub considered the rate at which people quit their jobs in both the latest month and the last 12 months. The company then used these metrics to rank-order the resignation rates from highest to lowest with a weighted formula that was allocated as follows:
- Resignation Rate (Latest Month): Double Weight (~66.67 Points); and
- Resignation Rate (Last 12 Months): Full Weight (~33.33 Points).
According to that process, Tennessee ranked #10 overall although, if you look at each category, the most recent monthly resignation rate of 3.4 percent places the Volunteer State #9 among its peers, #13 with a 12-month resignation rate of 3.31. Leading the nation in both categories was Alaska with an annual rate of 4.18 percent and a last month’s rate of 4.7 percent.
The rankings can be found here.