Excerpt from Yahoo Finance quoting DataTrek co-founder Jessica Rabe:
…. “According to data released in the Job Openings and Labor Turnover Survey (JOLTS) report released by the Bureau of Labor Statistics (BLS) on Tuesday, Oct. 12, job quits to total separations reached a record high of 71.1% in August. Co-founder of DataTrek Research Jessica Rabe believes that this indicator provides useful insight into current job market conditions.
“Our ‘Take this job and shove it’ indicator – or quits to total separations – rose to a record high of 71.1% in August since the series started in December 2000,” Rabe said in DataTrek’s Morning Briefing newsletter. “That’s due to an all-time high in quits as a percentage of the labor force (2.6 pct) and a record low in layoffs/discharges as a percentage of the workforce (0.8 pct)”….
Read the full article here on Yahoo Finance!