More Americans are now leaving their jobs to find new employment with companies that offer higher salaries and better benefits.
New numbers released by the Bureau of Labor Statistics reveal that American workers quit their jobs for the month of May at a rate not seen since 2001, MarketWatch reports.
“Some 5.75 million people were hired in May, up 170,000 from the prior month. that’s also the biggest gain in hiring in 17 years,” according to Market Watch.
American workers showing that they have become more willing to quit their jobs is seen as an indicator that they have enough confidence in the economy and the job market to believe that they’ll be able to find better jobs at a higher salary and better benefits.
An estimated “3.6 million workers quit their jobs in May, either for a new role or perhaps hired away. That’s the highest level ever, as reported in the JOLTS data, tracked by the Bureau of Labor Statistics,” according to Fox Business.
In May, the U.S. added 223,000 jobs. Last month, U.S. employers added 213,000 new positions. This was the 93rd straight month of job creation, as noted by the White House’s Council of Economic Advisers.
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Source: Christian Post