American workers rush to quit jobs
Feb. 7, 2018 at 12:02 a.m.
WASHINGTON — U.S. companies posted the fewest open jobs in seven months in December, yet the number of Americans quitting their jobs rose to a 17-year high, a mixed reading on the job market.
The Labor Department said Tuesday that job openings dropped 2.8 percent to 5.8 million. That's still a healthy level and up 4.9 percent from a year earlier. The number of people quitting rose 3.1 percent to 3.26 million, the most since January 2001.
More quits are generally a positive sign for the economy, because most Americans leave their jobs when they already have another position, typically at higher pay, or are confident they can find one.