The Quits Rate is a labor market indicator published monthly by the U.S. Bureau of Labor Statistics as part of the Job Openings and Labor Turnover Survey, measuring voluntary resignations as a share of total employment, distinct from layoffs and other involuntary separations. Because a worker who quits typically does so with a new job already lined up or with confidence in finding one, the quits rate is read as a signal of worker bargaining power and labor market tightness. The measure drew wide attention during 2021 and 2022, when the quits rate and job openings both reached record highs during the period popularly labeled the Great Resignation.
Facts
Classification
Release FrequencyStandard published release cadence for Quits Rate (official statistical release schedule). Geography
Geographic ScopeUnited States (U.S. Bureau of Labor Statistics) 2 In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Wikipedia
Wikimedia Foundation
2. U.S. Bureau of Labor Statistics
U.S. Bureau of Labor Statistics: Job Openings and Labor Turnover Survey home page
U.S. Bureau of Labor StatisticsIn Group: Payrolls, Hours, Earnings and Job Flows, Page textQuote, In Group: Payrolls, Hours, Earnings and Job Flows, Page text
Separations are broken down further into quits, layoffs and discharges, and other separations.
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