Smile: People Are Quitting Their Jobs
It's a sign of economic confidence
By Matt Cantor, Newser User
Posted Apr 12, 2012 5:00 PM CDT
More people are ditching their jobs.   (Shutterstock)

(Newser) – February saw 2 million Americans quit their jobs—the most since November of 2008. And that's a very good sign for the rest of us, the Wall Street Journal notes. Quitting points to confidence in the economy, analysts say: If people don't think they'll be hired elsewhere, they tend to stick to their jobs. More than 3 million people quit their jobs per month before the recession; the figure fell to a record low 1.6 million in September 2009.

Quitting also helps keep the economy "churning," experts say. "For workers who are unemployed, if there’s less churning of jobs, it’s harder to get on the merry-go-round," explains one economist. Indeed, economists recently found that reduced churn—rather than low job-creation—was to blame for 80% of the recession's hiring plunge. Of course, churn only helps if employers seek to fill the newly open positions, a process that's occurring rather slowly, writes Ben Casselman.

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Showing 3 of 11 comments
InferiorToYou
Apr 15, 2012 10:25 AM CDT
Over 40 need not apply
ren1999
Apr 15, 2012 9:07 AM CDT
I don't believe that people quit their jobs because the economy and job availability is improving. We know that oil jobs in the Dakotas are booming but we've also been told that all other industries are suffering. March was a big layoff month. I think they quit their jobs because they're being mistreated by their companies and employers because so many people are gunning for the job. They're also quitting because they're working too much overtime and burning out because employers don't want to hire a full staff. They're leaving to go work a different job probably for lower pay. This is why people are leaving auto-manufacturing after just a few weeks. They can do a less laborious job for just a few dollars less. So much for the myth that all auto-workers make $80.00 an hour.
Derni
Apr 13, 2012 10:15 AM CDT
Or perhaps they work for a terrible boss or company that doesn't really care about their workers..or perhaps they work for min wage or a few dollars more and doing that doesn'tpay the bills..or they live in America where we bail out Wall st and banks and car companies..but not the people..Great Country