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Americans are quitting jobs at the fastest pace in 16 years

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Yahoo Finance
March 17, 2017

Employed Americans are quitting their jobs like crazy in another sign that under President Donald Trump, confidence across the U.S. economy is rising.

In January, the number of Americans quitting their jobs rose to a seasonally-adjusted total of 3.22 million, the highest number since February 2001. The quits rate rose in January to 2.2%.

People quitting their jobs in droves is seen as a sign of confidence among workers, as folks are unlikely to quit a job unless they are confident they can get another one.

A new high in job quitters comes amid a flurry of data in the past week showing confidence in the U.S. economy continues to be strong.

Earlier this week, both major U.S. CEOs and American small businesses indicated that confidence remains elevated.

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This article was posted: Friday, March 17, 2017 at 10:56 am





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