>> It’s also still a relatively small number in absolute terms:
> In April, the share of U.S. workers leaving jobs was 2.7%, according to the Labor Department, a jump from 1.6% a year earlier to the highest level since at least 2000.
If those are monthly figures they are roughly going from "quit once every five years" to once every three. It's a pretty big change, I think. Positive, IMO -- mobility is healthy for the economy.
But the caveat should be that we can't extrapolate from a unique event like emerging from an 18-month quarantine, which is the context of this entire phenomenon. I think that at least part of the original commenter's point is that the article shouldn't try to frame what may well be a temporary correction as a revolutionary shift, which I agree is what it's trying to do.
Exactly. It should be expected that (for many people) after 18 months there would be an excess of people who would have wanted to leave, if they could. Now that they can, there is a log jam at the exit door.
> In April, the share of U.S. workers leaving jobs was 2.7%, according to the Labor Department, a jump from 1.6% a year earlier to the highest level since at least 2000.
If those are monthly figures they are roughly going from "quit once every five years" to once every three. It's a pretty big change, I think. Positive, IMO -- mobility is healthy for the economy.