The Economy & the Fed
Quits Rate
The share of workers who left their jobs voluntarily in a month, from the JOLTS survey (retirements and transfers are not counted as quits). People quit when they are confident they can find something better, usually for more pay, so a high quits rate tends to come with faster wage growth, and a falling one with a cooling job market. The Federal Reserve watches it as a read on wage pressure.
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