U.S. workers not jumping ship as job market tightens
The Labor Department has just released some figures worthy of a look. The number of Americans who quit their jobs fell for a fourth straight month in September to the lowest level in two years, Reuters reports. The number of U.S. employees who quit in September dropped to a seasonally adjusted 2.401 million — the lowest since September 2004 — from 2.597 million in August.
This news comes on the heels of the government’s report last week that unemployment sunk to 5-year low as the jobless rate dropped to 4.4% from 4.6% in September 2006.
Economic theorists we are not, but more people finding jobs and less leaving them must mean that the job market is humming along strongly and efficiently. And with less workers jumping ship for new jobs, those of you who are looking shouldn’t find it all that hard considering current job growth estimates.
