More than 3 million Americans quit their jobs last December. That is the highest number of quitters since 2006, according to the Bureau of Labor Statistics (BLS). If you’ll recall, the economy was feeling peachy in 2006 and job hunters were confident in their prospects. The new figures point to consumer and labor market confidence in line with 2006. The report also signals that employers are paying more — wage inflation — because many of those quitting are moving on to greener pastures at other companies.
The BLS report also revealed that there were 5.6 million job openings in December, the second most on record for a month, with healthcare and finance leading the charge.