The Turnover Surge

Despite the tough labor situation, are more employees are voluntarily quitting their jobs in pursuit of a better one? Perhaps. As the economy slowly recovers, I think those “holding” onto a job will be looking for greener pastures in the coming months.

Much of the increase in separations is from workers voluntarily leaving their old jobs. People quitting their jobs now account for just over half of all job separations. (In addition to quits, layoffs and firings, job separations include a much smaller number of retirements, deaths and disability.)

Graphic via WSJ.