> Because it's [the unemployment rate] really a measure of employment 'churn' This is not accurate. Almost the opposite is true. More people switch jobs when

> Because it's [the unemployment rate] really a measure of employment 'churn' This is not accurate. Almost the opposite is true. More people switch jobs when unemployment is low. > So employment churn is at historically low rates really. This is also not accurate. The US government measures job churn---it is called the Job Openings and Labor Turnover Survey (JOLTS)---and it is as high as it has ever been. https://www.bls.gov/charts/job-openings-and-labor-turnover/opening-hire-seps-rates.htm https://www.bls.gov/charts/job-openings-and-labor-turnover/o...