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Quit job signal recovery full#

Here in California, the recovery of jobs lost since the onset of the Great Recession is nearly here. For context, the quit rate was frozen at 1.8% over the prior seven months.īefore the 2008 recession and continuing recovery, quit rates hovered around 3.1 million a month, descending to a low of 1.5 million in 2009.

Quit job signal recovery full#

In other words, a full 2% of the nation’s working population quit their jobs in September, according to the Bureau of Labor Statistics.

Nationally, the number of people who quit their jobs in September 2014 jumped to 2.8 million, up from 2.5 million one month earlier.

economy, even if quitting makes lenders wary. So, September 2014’s spike in job quitters points to more confidence in the job market and our U.S.

have already gained employment elsewhere (excluding those who don’t plan on returning to work).

confident in the ability to find a new job or.

While this concept is counterintuitive for mortgage lenders, when an employee quits their present job, this indicates they are either: Good news for the employment market: more people are quitting their jobs!