Measuring employer and employee confidence in the economy: the quits-to-layoffs-and-discharges ratio

In 2016, there were, on average, 5.2 million hires, and 5.0 million separations, per month. The Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey (JOLTS) data show the number of workers hired into, and the number of workers separated from, jobs every month. JOLTS classifies separations into three categories. The first category,…

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