More workers are quitting their jobs, and that’s a good thing
Maybe the recent, bridge-burning exits of employees at Fox News and Goldman Sachs are actually the sign of an stronger economy. The Labor Department announced this week that more than 2 million U.S. workers quit their jobs in February--”the most since November 2008,” the Wall Street Journal explains.
That’s actually a sign that the labor market is improving: in recessions, people are inclined to hold onto their jobs, because employment prospects are so dim, so more “quits” are a sign of economic optimism. What’s more, quits create job openings, and companies have slowly become more inclined to fill fresh vacancies with new workers.