Here's A Shock: Fewer People Are Quitting Their Jobs

NPR’s Planet Money blog alerts us to the existence of a statistic called the “quits” rate — which, you guessed it, monitors how many people are quitting their jobs. You’ll be shocked to hear that for months the quits rate has been at the lowest point since the Bureau of Labor Statistics started tracking it.

Back in December 2006, quits made up 61 percent of all changes in job status. The BLS says it’s goodbye to that: “Quits dropped to only 40 percent of total separations in December 2008, a new series low, as layoffs and discharges increased substantially.”

Also unsurprising, the people least likely to quit their jobs? Government workers.

Not A Nation Of Quitters [NPR Planet Money]

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