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. 
(SOURCE: WALL STREET JOURNAL)
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.
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Ezra Klein
Ezra Klein is the editor of Wonkblog and a columnist at the Washington Post, as well as a contributor to MSNBC and Bloomberg. His work focuses on domestic and economic policymaking, as well as the political system that’s constantly screwing it up. He really likes graphs, and is on Twitter, Google+ and Facebook. E-mail him here.
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