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A record number of workers quit their jobs in April, according to the latest available date from the U.S. Bureau of Labor Statistics. (Pexels)

Welcome to the Great Resignation.

Amid a flurry of job openings across the U.S., workers are quitting their jobs en masse.

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"Now hiring" signs have become ubiquitous across Austin storefronts as businesses contend with a worker shortage. (Emma Freer)

Austin is facing a worsening worker shortage that spans industries and could prove more economically damaging than the pandemic.

In April there were 1.5 unemployed Texas residents for each advertised vacancy, according to the Texas Workforce Commission. This shortage is not unique to Austin or Texas. Instead, it's a "national economic crisis that is getting steadily worse," according to a report released by the U.S. Chamber of Commerce this week. The lobbying group found that there are approximately half as many available workers for every open job as there have been on average over the last 20 years and the ratio continues to fall.

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New Tesla Gigafactory site in Austin, Texas

(Video by Steven Joyner/Austonia)

Arrive at the site in Southeast Travis County where Tesla just announced it will be building a $1.1 billion Gigafactory, and you'll find 18-wheeler trucks running in and out of the property. See the area from above, and it's a flurry of activity.

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The F1 United States Grand Prix, scheduled to take place in October at Austin's Circuit of the Americas, has been canceled, the chairman announced in a statement on Twitter.

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