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U.S. job quits rate hits 17-year high; labor market tightening

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - More American workers voluntarily quit their jobs in May, government data showed on Tuesday, a sign of confidence in the labor market that economists say will soon boost wage growth.In its monthly Job Openings and Labor Turnover Survey, or JOLTS, the Labor Department said the number of workers leaving jobs of their own free will increased 212,000 to 3.3 million. That lifted the quits rate one-tenth of a percentage point to 2.4 percent, the highest since April 2001. The rise in the quits rate, which policymakers and economists view as a measure of job ...

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First Published: Tue, July 10 2018. 21:48 IST
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