Number of People Starting and Quitting Jobs Climbs to Highest in More Than Six Years.

[elleng]

The number of people being hired for jobs and the number of people voluntarily quitting their jobs each climbed to the highest level in more than six years, according to a Labor Department report this morning.

Over 5 million people were hired in September, according to the Labor Department’s monthly Job Openings and Labor Turnover Survey, known as JOLTS. That’s the first time hiring crossed the 5 million threshold since December 2007, the month that the recession officially started. Last month, 2.8 million people quit a job, the most since April 2008.

The report on labor market turnover is closely followed by the Federal Reserve, where the report is watched for signs that the labor market is finally healing. The level of quits has been singled out by Federal Reserve Chairwoman Janet Yellen as an indicator of worker’s confidence in the economy.

The report tracks the various reasons people leave jobs, and this shows an increasingly favorable mix. In September, 57.5% of people who left their jobs did so of their own volition. Only 34.4% were laid off. An additional 8.1% left their jobs either due to retirement, death or disability, a share that’s held roughly constant for the past decade.

http://blogs.wsj.com/economics/2014/11/13/number-of-people-starting-and-quitting-jobs-climbs-to-highest-in-more-than-six-years/

[shenmue]

1. But that's terrible!!!1!

[underpants]

2. No kidding! Gee THANKS Obama

[Art_from_Ark]

3. People leave a job on their own volition for different reasons

Some leave because they have found a better job, while others leave because their boss/co-workers/working conditions suck so bad that they can't take it anymore, and just play "musical jobs",as it were, with others who are in the same situation.

[sendero]

4. This is generally...

.... considered to be a good thing, as job uncertainly climbs, people tend to hold on to jobs they are not happy with.