Thursday, November 13, 2014

Number of People Starting and Quitting Jobs Climbs to Highest in More Than Six Years

The newest Fed manipulated boom is on. It is very difficult to believe price inflation is not very far behind.

The number of people being hired for jobs and the number of people voluntarily quitting their jobs each climbed to the highest level in more than six years, according to a Labor Department report released this morning.

Over 5 million people were hired in September, according to the Labor Department’s monthly Job Openings and Labor Turnover Survey, known as JOLTS. That’s the first time hiring crossed the 5 million threshold since December 2007, the month that the recession officially started. Last month, 2.8 million people quit a job, the most since April 2008.

The number of people laid off from jobs remained near record lows in September, with about 1.6 million laid off, according to the report.

(via WSJ)

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