Wednesday, April 11, 2012

Yeay for the Quitters!


An interesting little tidbit out of the Labor Department (as reported by the Wall Street Journal), more people are quitting their jobs.  Can this be good news?  Yes, as people tend to hold onto jobs dearly during downturns in the economy, while in a healthy economy there is a large amount of 'churn,' people leaving one job for another.   Churn is thought to be efficient in the sense that people with specific skills will keep moving to jobs where their specific skill set can be most productive: good for them, good for firms and good for the economy.  Churn then is a sign of a healthy economy.

5 comments:

Lucas Araujo e Wanderson Almeida said...

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Lucas Araujo e Wanderson Almeida said...
This comment has been removed by the author.
Rocky Lemuel Garcia said...

I think this is normal.

Jessica Nelson said...

Sounds good to me!

Eric Stepp said...

Absolutely. Another tidbit that isn't talked about is the number of part-time job losses for March.

From March 2011 through March 2012, there have been 1,000,000 part-time job losses. However, March 2012 saw 400,000 part-time losses alone. That's 40% of the entire year in one month.

Even with all of these part-time job losses, the economy still grew 120,000 full-time jobs OVER the part-time losses. That's pretty impressive, and not reported on.