Another encouraging sign that the job market is healing: lots of people are writing resignation letters. 2.8 million Americans quit their jobs in September — that’s 300,000 more than in August and the highest number since April 2008.
The quits rate — the number of people leaving their jobs as a share of all workers — also spiked to 2 percent (that new spike is circled in yellow on the graph below).
Chosen excerpts by Job Market Monitor. Read the whole story at Great news: lots of Americans just quit their jobs – Vox.
There were 4.8 million total separations in September, up from 4.5 million in August. (Total separations includes quits, layoffs and discharges, and other separations.) The number of quits—which are generally voluntary separations initiated by the employee—increased from 2.5 million in August to 2.8 million in September. This was the highest level of quits since April 2008. The number of layoffs and discharges—which are involuntary separations initiated by the employer—was little changed in September at 1.6 million.
via Hires and quits increase in September 2014 : The Economics Daily: U.S. Bureau of Labor Statistics.
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