Trends, VBO Lifestyles

Record Number of Millennials Voluntarily Quitting Their Jobs

Record Number of Millennials Voluntarily Quitting Their Jobs

The recent job report showed a record number of job openings.  According to the Job Openings and Labor Turnover Report, vacancies hit 7.14 million.  While this is interesting for people looking for jobs, the report also showed some very interesting stats for Virtual Business Owners (VBOs).

The quits rate (those who left their jobs voluntarily) hit 3.58 million.  This was a 12.7% jump from the previous year. The report goes on to say “The fact that record numbers of workers are voluntarily quitting their jobs suggests that they are finding substantially better opportunities elsewhere in the economy”.

Do you think some of those opportunities may be people leaving their jobs to become VBOs?  The simple answer is YES. According to a major study done by Deloitte, 43%, or almost half of all Millennials reported they planned to voluntarily leave their jobs in the next 24 months.

Let’s be serious three and a half million people is no small number.  That is like the entire population of Seattle, Denver, Washington DC, Boston, and Detroit all quitting their jobs in one month.

This mass exodus from the job market is directly tied to the number of people that are choosing to become Virtual Business Owners (VBOs). A recent survey found that virtual business owners (also referred to as freelancers, contractors, giggers, etc.) are healthier, happier and make more money.

This explosion in the VBO Economy is not expected to slow down.  A major independent study projected that VBOs/freelancers will outnumber those with jobs by 2027.  

So, how are you going to jump on the VBO wagon?  A good place to start is with a Forever Free Membership to VBO Nation.  To get your membership started today, go CLICK HERE.

Tom Poole
Founder & Fellow VBO   

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