Drudge Retort: The Other Side of the News
Tuesday, February 06, 2018

The number of American workers voluntarily quitting their jobs jumped in December to the highest level in nearly 17 years, in a strong show of confidence in the labor market which further bolsters expectations of faster wage growth this year.

The number of workers willingly leaving their jobs increased by 98,000 to 3.259 million, the highest level since January 2001. That lifted the quits rate to a 2.2 percent from 2.1 percent in November. This rate, which the Federal Reserve looks at as a measure of job market confidence, has rebounded from a low of 1.3 percent in late 2009.

"I had thought that by now, the fear of moving to another company would have faded," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.

Advertisement

Advertisement

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

in a strong show of confidence in the labor market which further bolsters expectations of faster wage growth this year.

Come on Bruce, you are destroying one of the favorite narratives of the DR Left.

#1 | Posted by Rightocenter at 2018-02-06 10:56 PM | Reply | Newsworthy 1

You know I don't take sides. I'm also destroying the RW talking points of the past 8 years.

#2 | Posted by BruceBanner at 2018-02-06 11:09 PM | Reply

You actually do take sides, but it is encouraging that you break the mold on occasion.

#3 | Posted by Rightocenter at 2018-02-06 11:29 PM | Reply

Speaking of favorite narratives, doesn't the low labor participation rate mean there are no good jobs to be had?
My bad, just more Reich wing nonsense.

#4 | Posted by bored at 2018-02-07 02:23 AM | Reply

#4 Well that was the -------- we heard for the past 8 years wasn't it? Suddenly now an R is in the office and the U/E numbers are not fake and the labor participation rate no longer matters.

#5 | Posted by 726 at 2018-02-07 07:17 AM | Reply

This rate, which the Federal Reserve looks at as a measure of job market confidence

MSGT, do you see what I mean when i say that Economics is more about people's emotions than it does with numbers?

#6 | Posted by kudzu at 2018-02-07 08:26 AM | Reply

You actually do take sides, but it is encouraging that you break the mold on occasion.

#3 | POSTED BY RIGHTOCENTER

Brucey, I've play this independent political game a long long time (since Reagan) and I can tell you that on any given day, in the life of an independent thinker, you can be called a right-wing nazi or a left-wing communist, if your ideas don't conform to the pre-packaged talking points of the other side.

#7 | Posted by kudzu at 2018-02-07 08:31 AM | Reply | Newsworthy 1

7

You said it, brother.

#8 | Posted by eberly at 2018-02-07 08:33 AM | Reply

Amen.

#9 | Posted by BruceBanner at 2018-02-07 10:00 AM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2018 World Readable

Drudge Retort