Wednesday, November 17, 2010
Huh? That about sums up the reaction to the latest labor news out of Washington, where the Bureau of Labor Statistics (BLS) has reported that more people are quitting their jobs than are being laid off.
In September, there were two million quits and 1.8 million layoffs, according to BLS.
In good economic times, this reality would be normal and expected. As the BLS states in its report: “Quits tend to rise when there is a perception that another job is available and tend to fall when there is a perception that jobs are scarce.”
With unemployment still running high, it’s hard to believe that Americans perceive there is a glut of jobs out there to choose from, thus causing them to leave their current position. The quits are rising most significantly in financial services and professional and business service.
-Noel Brinkerhoff
More People Quitting Than Being Laid Off, Really (by Bob Rosner, Today’s Workplace)
Job Openings and Labor Turnover Survey Highlights September 2010 (Bureau of Labor Statistics) (page 4) (pdf)
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