‘Shove It’ Indicator: More People Now Quit Than Get Fired [View all]
The number of people quitting their jobs in February outnumbered the amount of workers that were laid off by companies for the first time since this economic recovery began, a sign that consumer confidence may be higher than investors currently believe...
... “Quits go hand-in-hand with consumer confidence and for the first time of the recovery, quits represent a greater percentage of total separations than do involuntary layoffs,” wrote Nicholas Colas, chief market strategist at ConvergEx Group, in a note to clients that broke down the data. “Careful analysis of February’s JOLTS data leaves us scratching our heads and hoping March was an anomaly.”
.. if history is any guide, these confident quitters could be on the move, foreshadowing a better job picture for this Spring.
http://www.cnbc.com/id/47030350
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