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July 4, 2018 11:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/6sHjc97c4Yo/in-this-economy-quitters-are-winning
In This Economy, Quitters Are Winning
An anonymous reader shares a report: Workers are choosing to leave their jobs at the fastest rate since the internet boom 17 years ago and getting rewarded for it with bigger paychecks and/or more satisfying work. Labor Department data show that 3.4 million Americans quit their jobs in April, near a 2001 peak and twice the 1.7 million who were laid off from jobs in April. Job-hopping is happening across industries including retail, food service and construction, a sign of broad-based labor-market dynamism. Workers have been made more confident by a strong economy and historically low unemployment, at 3.8% in May, the lowest since 2000. Ms. Enoch started getting interview opportunities the same day she began sending out applications online. The trend could stoke broader wage growth and improve worker productivity, which have been sluggish in the past decade. Workers tend to get their biggest wage increases when they move from one job to another. Job-switchers saw roughly 30% larger annual pay increases in May than those who stayed put over the past 12 months, according to the Federal Reserve Bank of Atlanta.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/6sHjc97c4Yo/in-this-economy-quitters-are-winning
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