JOLTS report by Bureau of Labor Statistics shows higher “quit” rate

The latest JOLTS (Job Openings and Labor Turnover Survey by the Bureau of Labor Statistics) report showed that the quit rate has risen to around 2.2%. This quit rate is higher than it has been in several years.

One interpretation is this is good jobs news. Employees are comfortable with new job prospects to quit their current employment and pursue or accept new employment.

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