Americans Are Quitting Their Jobs In Droves...And That's A Good Thing
According to the latest “Job Opening and Labor Turnover Survey,” over 3 million people quit their jobs in December, bumping the quits rate up to 2.1%—its highest point since April 2008.
High quits mean people have confidence in the availability of better jobs—and the data shows they're right.
The quits rate—the number of quits divided by the number of employees who worked—is one of the Fed's best tools to read the pulse of the labor market, Business Insider reports.