Excerpt from The Balance quoting DataTrek co-founder Jessica Rabe:
…. “In fact, the ratio of quits to total job separations (which also include layoffs and discharges) rose to 58.9%, the highest since February, according to DataTrek Research, which calls the metric its “take this job and shove it” indicator. In April, it hit a record low of 18.8%, according to DataTrek.
“Our ‘take this job and shove it’ indicator is improving much quicker than it did during the last two economic cycles,” Jessica Rabe, co-founder of DataTrek, wrote in an email. “Typically, a rise in the number of people voluntarily leaving their jobs reflects improving economic confidence, however the unusually sharp and quick rebound may also be due to workers’ concerns about contracting the virus or concerns about childcare commitments right now”….
Read the full article here on The Balance!