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JOLTS: Hiring Rises and Quits Rate Indicates Higher Confidence Among American Workers
['John Carney']
Breitbart News
The quits rate for May was revised up to two percent.
The quits rate is a proxy for worker confidence because employees generally leave when they believe they have good prospects of finding a better job or have already found new work.
The quits rate in the private sector for June was higher, at 2.2 percent.
The quits rate rose in construction, wholesale and retail trade, as well as transportation, warehousing, and utilities.
The quits rate declined in the finance, information, and government sectors.