The share of American workers who voluntarily quit their jobs has been higher than previously thought, indicating a higher level of confidence among workers that better jobs are available, and hiring increased in June.
The quits rate, which measures the share of workers who choose to leave their jobs, came in at two percent in June, higher than the 1.9 percent previously reported for May and April, according to the government’s monthly report on the Job Openings and Labor Turnover Survey or JOLTS. The quits rate for May was revised up to two percent.
The quits rate is a proxy for worker confidence because employees generally leave when they believe...
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