More Americans were hired to start a new job in February than in any month since before the recession that began in 2007—about 5.4 million people.
Wall Street Journal staffer Josh Zumbrun looks at the latest Labor Department Job Openings and Labor Turnover Survey data, which is showing a trend of healthy momentum in both new hires and voluntary "quits." Zumbrun writes:
Tuesday’s report also showed an increase in the number of people who voluntarily quit a job in February, which rose to about three million from 2.9 million. Labor economists generally regard the overall rate of quitting as a sign of the labor market’s health. When the economy is thriving, more people have the opportunity or the confidence to search for a better job.