Americans quitting their jobs for better opportunities
12 Julio, 2018, 04:34 | Author: Arnold Perez
Americans are quitting their jobs at a record rate, with the proportion of workers leaving their jobs reaching the highest level in over 18 years, the Labor Department reported Tuesday.
The rate of USA employees quitting their jobs reached its highest rate in 17 years, rising from 2.3 percent in April to 2.4 percent in May, when 3.56 million Americans left their jobs.
Why are so many people quitting? You can be choosy about your job when you know that the odds of getting a better one are in your favor. Businesses are advertising 6.64 million available jobs in May, while there are only 6.1 million unemployed people.
Companies continue to fill more positions and as such, job openings dropped to 6.64 million in May, down from 6.84 million.
Overall, a high quit rate is the sign of a strong American economy, because it signals that you feel confident that you could find a more high-paying job if you left your job today. With more workers feeling assured of finding better employment, sustained wage gains may soon follow.
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