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‘Shove It’ Indicator: More People Now Quit Than Get Fired

From cnbc.com

The number of people quitting their jobs in February outnumbered the amount of workers that were laid off by companies for the first time since this economic recovery began, a sign that consumer confidence may be higher than investors currently believe. Fifty-one percent of all job separations were due to workers quitting, up from 49.8 percent of so-called separations in February, according to the government’s Job Openings and Labor Turnover Survey. This is the first time quitters (presumably confident they will find another job) were in the majority since September 2008. The recession officially ended in June 2009. ... (full story)

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