Wednesday, February 10, 2016

Jolting Jobs News

The latest jobs report was fairly disappointing, but here's a much more optimistic look at the employment situation. The number of Americans who voluntarily quit their jobs climbed to a post-recession high in December, the Labor Department reported yesterday.

The monthly Job Openings and Labor Turnover Survey, known as Jolts, showed the number of voluntary quits rose to nearly 3.1 million, the highest level since December 2006. New hires, meanwhile, increased to nearly 5.4 million workers, a figure that is also a post-recession best.

Another good sign: There were 5.6 million job openings in December, the second-highest level on record, behind only July 2015. And layoffs dropped to 1.6 million, the lowest level in more than a year.

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