Things continue to look up in the overall job market, though the recovery in uneven. See quote and figure from the WSJ below. Many people lost their homes and retirements in the Great Recession and are yet to recover, thus the angry voters in the ongoing political primaries.
More Americans were hired to start a new job in February than in any month since before the recession that began in 2007—about 5.4 million people.
The data comes from the Labor Department’s Job Openings and Labor Turnover Survey, or Jolts, which tracks underlying churn in the U.S. labor market, the millions of people who quit one job or start a new one each month.
Tuesday’s report also showed an increase in the number of people who voluntarily quit a job in February, which rose to about three million from 2.9 million. Labor economists generally regard the overall rate of quitting as a sign of the labor market’s health. When the economy is thriving, more people have the opportunity or the confidence to search for a better job.*
No comments:
Post a Comment