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More Americans started a new job in February—around 5.4 million people—than in any month since before the 2007 recession.
That’s according to the US Department of Labor’s Job Openings and Labor Turnover Survey, which tracks the underlying currents of the US labor market.
Yet while the quits rate continues to rise, the labor market is still not as vigorous as it was in the mid-2000s, the Wall Street Journal reports.
Thankfully, the layoff rate has remained close to record lows and new jobs are continuing to be created—245,000 jobs were created in February and 215,000 jobs were added in March. [WSJ]
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