4 ms·
> The unemployment numbers are crap. Ask anyone who has a middle of the road white-collar job how confident they'd be in quitting and getting a new one and they
by cheriot 7y ago
> The unemployment numbers are crap. Ask anyone who has a middle of the road white-collar job how confident they'd be in quitting and getting a new one and they will laugh at you.
That's why there's so many unemployment numbers. They actually capture a pretty full picture when we find the right one for the conversation. In this case the rate of voluntary quits has been steadily improving and looks healthy:
https://fred.stlouisfed.org/series/JTSQUR https://fred.stlouisfed.org/series/JTSQUR
definition at https://www.bls.gov/jlt/jltdef.htm https://www.bls.gov/jlt/jltdef.htm
We can even break it down by industry, but that gets noisier.
https://fred.stlouisfed.org/graph/?id=JTU6200QUR,JTU510099QUR,JTS4000QUR,JTU5300QUR,JTU5100QUR,JTU110099QUR,JTS7100QUR,JTU4200QUR,JTU480099QUR,JTS9200QUR,JTU6100QUR,JTU8100QUR,JTS3400QUR https://fred.stlouisfed.org/graph/?id=JTU6200QUR,JTU510099QU...,
- habosa 7y agoThanks for pointing this out, and you're right that there is good information out there. I meant the popularly reported unemployment numbers which show things as "better than ever". They don't match people's actual satisfaction with the job market.