Home Invites Members Groups Events Careers Videos News Photos Blogs Polls Singles Forums Chat
Home > News > Post Content

A Record Number of Americans Are Quitting Their Jobs (907 hits)

By Sho Chandra - Bloomberg writer

Americans’ confidence in employment prospects is soaring as the labor market tightens. The latest proof: A record number are voluntarily quitting to seek better jobs.

Some 3.56 million workers left positions in May, the most in data back to 2000, and up from the prior month’s 3.35 million, Labor Department data showed Tuesday. That pushed up the quits rate, which measures quitters as a share of employed people, to a 17-year high of 2.4 percent from 2.3 percent. With more workers feeling assured of finding better employment, sustained wage gains may soon follow.

The latest jump is sure to be closely watched by Federal Reserve policy makers as they monitor for signs of upward pressure on worker pay that may feed overall inflation. In another bullish sign, the gap between vacancies and the number of unemployed widened to 573,000 in May, a sign there’s potentially work available for every jobless person in America.
Posted By: Reginald Culpepper
Tuesday, July 10th 2018 at 6:33PM
You can also click here to view all posts by this author...

Report obscenity | post comment
Share |
Please Login To Post Comments...
Email:
Password:

 
More From This Author
Texas Southern University Theatre Presents "Home for Thanksgiving"
Texas Southern University to host community policing workshop focused on data and reform
NABOB Media Sales Institute Partners with HBCUConnect.com for Scholarship Awads in 2019
At Alabama State University, Death Row Inmate Anthony Ray Hinton on Surviving Criminal Justice in America!
Tons of Job Opportunities Await With NextEra Energy - Now Hiring!
What to Check When Buying a Used Vehicle (Video)
Texas Southern University's Debate Team Wins 2019 HBCU National Speech and Debate Championship
Central State hurdler Juan Scott prepares to defend national title this weekend
Forward This Article Entry!
News Home

(Advertise Here)
Who's Online
>> more | invite 
Latest Photos
>> more | add
Most Popular Bloggers
elly moss has logged 120655 blog subscribers!
agnes levine has logged 57342 blog subscribers!
gregory boulware, esq. has logged 15382 blog subscribers!
min sammy jackson has logged 5930 blog subscribers!
robert walker has logged 1257 blog subscribers!
>> more | add