Job Jumping
03/27/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, Job quits, JOLTS data, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
The percentage of workers who voluntarily quit their jobs fell to 1.7% of employed workers in January from 1.8% in December, the first decline since 3/13. The number is way up from a low of 1.3% in late 2009 but much lower than the average of 2.1% from 2002 through 2007. Quits are good as they create more job openings and people generally quit jobs to get higher paying ones.