CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Great Resignation signals power shift to labour force

By Joseph Toppe

15:19, 6 January 2022

Businesspeople stacking hands over each other
Employee strength - Photo: Shutterstock

The American workforce is on the hunt for better jobs after a tight labour market led to a ‘Great Resignation’ and the seperation of 4.5 million US workers. 

The latest data compiled by the US Department of Labor shows the number of employees that quit their jobs spiked to 3% in November, as nearly 160,000 employees left their food service jobs, over 52,000 walked away from healthcare, while transportation, warehousing, and utilities lost more than 33,000 workers.

In an interview with, Lindsay Hansel, president of US-headquartered First Class Recruiting, said “there are more jobs than people willing to work.”

“This drives the cost of labour, supply and demand,” she continued. “People can just quit and find a better paying job, with retail and lower-level administrative roles being hit the hardest.”

New Opportunities

In November 2021, the number and rate of hires were little changed at 6.7 million and 4.5% respectively, while total job separations – including quits, layoffs and discharges – jumped to 6.3 million.

Hansel said, “people can drive for Uber or Lyft, work 20 hours a week and make $60,000 a year.”

“The cost of labour has gone up across every sector and the consumer will pay the difference through inflation.”

During early trading on Thursday, shares of Uber are down 2.80%, while Lyft is up 0.046%.


7.92 Price
-3.570% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0039%
Overnight fee time 21:00 (UTC)
Spread 0.08


419.12 Price
-0.970% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0039%
Overnight fee time 21:00 (UTC)
Spread 0.16


1.50 Price
+5.840% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0039%
Overnight fee time 21:00 (UTC)
Spread 0.05


243.34 Price
-1.890% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0039%
Overnight fee time 21:00 (UTC)
Spread 0.20

In retail, Walmart is off by 0.11%, Amazon is down 1.37%, as Costco and Target have fallen near 0.37% and 1.40% respectively.

What is your sentiment on UBER?

Vote to see Traders sentiment!

Inflation outlook 2022 – Fed misses target

Also in November, US consumer prices rose at the fastest pace in four decades, putting pressure on the US Federal Reserve (Fed’s) to taper its asset purchase programme down more quickly and revisit the timing of future interest rate hikes.

Minutes from the Fed’s December meeting, released Wednesday, showed the central bank may do just that, though one economist noted, the discussions were held ahead of the Omicron peak.

On a 12-month basis, the Consumer Price Index (CPI) was up 6.8% in November, according to the Bureau of Labor Statistics.

Joey Von Nessen, a research economist at the University of South Carolina, told “the high rate of inflation will likely begin to taper in 2022 as businesses continue to scale up production in response to strong consumer demand.”

“Inflation will also cool if the Federal Reserve raises interest rates as expected, but it will probably not revert back to the Fed’s 2% target rate by the end of the year,” he went on. “Any reduction will be partially offset by the strong labour market putting upward pressure on wages.”

In 2022, “the major wild card will remain any new Covid-related disruption not anticipated.”

Read more: CRO coin price prediction: is’s token a buy?

Markets in this article

AMZN Inc (Extended Hours)
126.14 USD
-5.71 -4.340%
553.67 USD
-5.29 -0.950%
553.67 USD
-5.29 -0.950%
9.94 USD
0.13 +1.330%
109.55 USD
-2.8 -2.500%

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 555.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading