Posted: Jun 9, 2010 6:07 AM by Bea Karnes, News First 5
One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them.
More people have quit their jobs in the past three months than were laid off. That's a sharp reversal after 15 straight months in which layoffs exceeded voluntary departures. The trend suggests the job market is finally thawing. Some quitters have left for new jobs. But others have no firm offers.
Economist Steven Davis of the University of Chicago says, "There is a century's worth of evidence that bears out this view that quits rise and layoffs fall as the job market improves." The government said Tuesday that the number of people quitting rose in April to nearly 2 million. That's an increase of nearly 12 percent since January.