diff --git a/README.md b/README.md
index 26e86423b..1ff479b44 100644
--- a/README.md
+++ b/README.md
@@ -57,7 +57,7 @@ For more of the story of GoodJob, read the [introductory blog post](https://isla
         - [Exceptions](#exceptions)
         - [Retries](#retries)
         - [Action Mailer retries](#action-mailer-retries)
-        - [Interrupts](#interrupts)
+        - [Interrupts, graceful shutdown, and SIGKILL](#Interrupts-graceful-shutdown-and-SIGKILL)
     - [Timeouts](#timeouts)
     - [Optimize queues, threads, and processes](#optimize-queues-threads-and-processes)
     - [Database connections](#database-connections)
@@ -974,9 +974,24 @@ end
 Note, that `ActionMailer::MailDeliveryJob` is a default since Rails 6.0. Be sure that your app is using that class, as it
 might also be configured to use (deprecated now) `ActionMailer::DeliveryJob`.
 
-### Interrupts
+### Interrupts, graceful shutdown, and SIGKILL
 
-Jobs will be automatically retried if the process is interrupted while performing a job, for example as the result of a `SIGKILL` or power failure.
+When GoodJob receives an interrupt (SIGINT, SIGTERM) or explicitly with `GoodJob.shutdown`, GoodJob will attempt to gracefully shut down, waiting for all jobs to finish before exiting based on the `shutdown_timeout` configuration.
+
+To detect the start of a graceful shutdown from within a performing job, for example while looping/iterating over multiple items, you can call `GoodJob.current_thread_shutting_down?` or `GoodJob.current_thread_running?` from within the job. For example:
+
+```ruby
+def perform(lots_of_records)
+  lots_of_records.each do |record|
+    break if GoodJob.current_thread_shutting_down? # or `unless GoodJob.current_thread.running?`
+    # process record ...
+  end
+end
+````
+
+Note that when running jobs in `:inline` execution mode, `GoodJob.current_thread_running?` will always be truthy and `GoodJob.current_thread_shutting_down?` will always be falsey.
+
+Jobs will be automatically retried if the process is interrupted while performing a job and the job is unable to finish before the timeout or as the result of a `SIGKILL` or power failure.
 
 If you need more control over interrupt-caused retries, include the `GoodJob::ActiveJobExtensions::InterruptErrors` extension in your job class. When an interrupted job is retried, the extension will raise a `GoodJob::InterruptError` exception within the job, which allows you to use Active Job's `retry_on` and `discard_on` to control the behavior of the job.
 
diff --git a/lib/good_job.rb b/lib/good_job.rb
index e81607c52..75609a63d 100644
--- a/lib/good_job.rb
+++ b/lib/good_job.rb
@@ -40,12 +40,14 @@
 require "good_job/scheduler"
 require "good_job/shared_executor"
 require "good_job/systemd_service"
+require "good_job/thread_status"
 
 # GoodJob is a multithreaded, Postgres-based, ActiveJob backend for Ruby on Rails.
 #
 # +GoodJob+ is the top-level namespace and exposes configuration attributes.
 module GoodJob
   include GoodJob::Dependencies
+  include GoodJob::ThreadStatus
 
   # Default, null, blank value placeholder.
   NONE = Module.new.freeze
diff --git a/lib/good_job/current_thread.rb b/lib/good_job/current_thread.rb
index 018db7592..9078d40b0 100644
--- a/lib/good_job/current_thread.rb
+++ b/lib/good_job/current_thread.rb
@@ -78,7 +78,7 @@ module CurrentThread
     # @return [void]
     def self.reset(values = {})
       ACCESSORS.each do |accessor|
-        send("#{accessor}=", values[accessor])
+        send(:"#{accessor}=", values[accessor])
       end
     end
 
diff --git a/lib/good_job/notifier.rb b/lib/good_job/notifier.rb
index 4a35ff34a..ec16360cf 100644
--- a/lib/good_job/notifier.rb
+++ b/lib/good_job/notifier.rb
@@ -93,7 +93,7 @@ def connected?(timeout: nil)
       if timeout.nil?
         @connected.set?
       else
-        @connected.wait(timeout == -1 ? nil : timeout)
+        @connected.wait(timeout&.negative? ? nil : timeout)
       end
     end
 
@@ -104,7 +104,7 @@ def listening?(timeout: nil)
       if timeout.nil?
         @listening.set?
       else
-        @listening.wait(timeout == -1 ? nil : timeout)
+        @listening.wait(timeout&.negative? ? nil : timeout)
       end
     end
 
@@ -130,7 +130,7 @@ def shutdown(timeout: -1)
           @listening.reset
           @shutdown_event.set
         else
-          @shutdown_event.wait(timeout == -1 ? nil : timeout) unless timeout.nil?
+          @shutdown_event.wait(timeout&.negative? ? nil : timeout) unless timeout.nil?
           @connected.reset if @shutdown_event.set?
         end
         @shutdown_event.set?
diff --git a/lib/good_job/scheduler.rb b/lib/good_job/scheduler.rb
index 7b409130f..9af6b1ca3 100644
--- a/lib/good_job/scheduler.rb
+++ b/lib/good_job/scheduler.rb
@@ -270,6 +270,8 @@ def create_executor
     def create_task(delay = 0, fanout: false)
       future = Concurrent::ScheduledTask.new(delay, args: [self, performer], executor: executor, timer_set: timer_set) do |thr_scheduler, thr_performer|
         Thread.current.name = Thread.current.name.sub("-worker-", "-thread-") if Thread.current.name
+        Thread.current[:good_job_scheduler] = thr_scheduler
+
         Rails.application.reloader.wrap do
           thr_performer.next do |found|
             thr_scheduler.create_thread({ fanout: fanout }) if found && fanout
diff --git a/lib/good_job/thread_status.rb b/lib/good_job/thread_status.rb
new file mode 100644
index 000000000..ea9eb838c
--- /dev/null
+++ b/lib/good_job/thread_status.rb
@@ -0,0 +1,27 @@
+# frozen_string_literal: true
+
+module GoodJob
+  # Provides methods for determining the status of the
+  # current job execution thread. This is useful for determining
+  # whether to continue processing a job or to shut down gracefully.
+  module ThreadStatus
+    extend ActiveSupport::Concern
+
+    class_methods do
+      # Whether the current job execution thread is in a running state.
+      # @return [Boolean]
+      def current_thread_running?
+        scheduler = Thread.current[:good_job_scheduler]
+        scheduler ? scheduler.running? : true
+      end
+
+      # Whether the current job execution thread is shutting down
+      # (the opposite of running).
+      # @return [Boolean]
+      def current_thread_shutting_down?
+        scheduler = Thread.current[:good_job_scheduler]
+        scheduler && !scheduler.running?
+      end
+    end
+  end
+end
diff --git a/sorbet/rbi/todo.rbi b/sorbet/rbi/todo.rbi
index b21a37d30..1f008f767 100644
--- a/sorbet/rbi/todo.rbi
+++ b/sorbet/rbi/todo.rbi
@@ -13,6 +13,7 @@ module ::ERROR_TRIGGERED; end
 module ::ErrorJob; end
 module ::ExpectedError; end
 module ::JOB_PERFORMED; end
+module ::JOB_RUNNING_EVENT; end
 module ::JobError; end
 module ::LATCH; end
 module ::MemoryProfiler; end
@@ -21,6 +22,8 @@ module ::RESULTS; end
 module ::RUN_JOBS; end
 module ::RecursiveJob; end
 module ::RetryableError; end
+module ::START_SHUTDOWN_EVENT; end
+module ::STATUSES; end
 module ::SimpleJob; end
 module ::THREAD_HAS_RUN; end
 module ::THREAD_JOBS; end
diff --git a/spec/lib/good_job/current_thread_spec.rb b/spec/lib/good_job/current_thread_spec.rb
index b316d33fc..00fd5a19e 100644
--- a/spec/lib/good_job/current_thread_spec.rb
+++ b/spec/lib/good_job/current_thread_spec.rb
@@ -18,10 +18,10 @@
   ].each do |accessor|
     describe ".#{accessor}" do
       it 'maintains value across threads' do
-        described_class.send "#{accessor}=", 'apple'
+        described_class.send :"#{accessor}=", 'apple'
 
         Thread.new do
-          described_class.send "#{accessor}=", 'bear'
+          described_class.send :"#{accessor}=", 'bear'
         end.join
 
         expect(described_class.send(accessor)).to eq 'apple'
@@ -29,14 +29,14 @@
 
       it 'maintains value across Rails reloader wrapper' do
         Rails.application.reloader.wrap do
-          described_class.send "#{accessor}=", 'apple'
+          described_class.send :"#{accessor}=", 'apple'
         end
 
         expect(described_class.send(accessor)).to eq 'apple'
       end
 
       it 'is resettable' do
-        described_class.send "#{accessor}=", 'apple'
+        described_class.send :"#{accessor}=", 'apple'
         described_class.reset
         expect(described_class.send(accessor)).to be_nil
       end
diff --git a/spec/lib/good_job/notifier_spec.rb b/spec/lib/good_job/notifier_spec.rb
index 2f2bef2e7..649d573f8 100644
--- a/spec/lib/good_job/notifier_spec.rb
+++ b/spec/lib/good_job/notifier_spec.rb
@@ -147,6 +147,14 @@
       notifier.shutdown
       expect(notifier).to be_shutdown
     end
+
+    it 'can be shut down asynchronously' do
+      notifier = described_class.new(executor: executor, enable_listening: true)
+      wait_until { expect(notifier).to be_listening }
+      notifier.shutdown(timeout: nil)
+      wait_until { expect(notifier).to be_shutdown }
+      notifier.shutdown
+    end
   end
 
   describe '#restart' do
diff --git a/spec/lib/good_job/thread_status_spec.rb b/spec/lib/good_job/thread_status_spec.rb
new file mode 100644
index 000000000..6b4b724a0
--- /dev/null
+++ b/spec/lib/good_job/thread_status_spec.rb
@@ -0,0 +1,59 @@
+# frozen_string_literal: true
+
+require 'rails_helper'
+
+RSpec.describe GoodJob::ThreadStatus do
+  describe ".current_thread_running?" do
+    context "when called outside of an execution context" do
+      it "returns true" do
+        expect(GoodJob.current_thread_running?).to eq(true)
+      end
+    end
+  end
+
+  describe ".current_thread_shutting_down?" do
+    context "when called outside of an execution context" do
+      it "returns nil" do
+        expect(GoodJob.current_thread_shutting_down?).to eq(nil)
+      end
+    end
+  end
+
+  context "when inside of an execution context" do
+    let(:capsule) { GoodJob::Capsule.new }
+    let(:adapter) { GoodJob::Adapter.new(execution_mode: :async_all, _capsule: capsule) }
+
+    before do
+      stub_const "JOB_RUNNING_EVENT", Concurrent::Event.new
+      stub_const "START_SHUTDOWN_EVENT", Concurrent::Event.new
+      stub_const "STATUSES", []
+      stub_const "TestJob", (Class.new(ActiveJob::Base) do
+        def perform
+          STATUSES << GoodJob.current_thread_running?
+          STATUSES << GoodJob.current_thread_shutting_down?
+          JOB_RUNNING_EVENT.set
+          START_SHUTDOWN_EVENT.wait(5)
+          STATUSES << GoodJob.current_thread_running?
+          STATUSES << GoodJob.current_thread_shutting_down?
+        end
+      end)
+
+      TestJob.queue_adapter = adapter
+    end
+
+    after do
+      capsule.shutdown
+    end
+
+    it "returns proper values" do
+      TestJob.perform_later
+
+      JOB_RUNNING_EVENT.wait(5)
+      capsule.shutdown(timeout: nil) # don't wait for the shutdown to complete
+      START_SHUTDOWN_EVENT.set
+      capsule.shutdown
+
+      expect(STATUSES).to eq([true, false, false, true])
+    end
+  end
+end