The latest Job Openings and Labor Turnover Survey (JOLTS) shows that, excluding the COVID era, hires and quits rates are at their lowest levels in about a...
What we're looking at right here is the quits rate, the number of workers that are quitting their jobs.And you can see here it came in at 1.9%.And then you look really all the way across here.I'm only going to quit my job if I feel confident I can get another one.
And I pose that question to former Federal Reserve Bank of Atlanta, President Dennis Lockhart earlier today. Um uh in a very, very hot labor market was pretty extraordinary and it, and it reflected, I think the view on the part of many people in the labor force that they could improve their situation by and improve their salaries by quitting one job and seeking another one.So people are not quitting.We're not yet in a, a situation and I hope we don't get there of widespread firing of people layoffs and such.So Dennis pointing out that really the concern here is where we might be headed.
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