No, the labor market isn't getting tight

No, the labor market isn't getting tight

Evan Soltas asks, "Is the labor market getting tight?"

He claims that the rising rate of workers quitting their jobs could show that the labor market is getting tighter. Workers quitting their jobs at a higher rate is taken as an expression of confidence. As Joe Weisenthal argues, "When the economy is bad, workers don't quit their jobs." The quit rate shows that the relationship between unemployment rate and quit-rates has remained steady, suggesting that it's the headline unemployment rate — which has now fallen to 6.6 percent — that best captures the state of the workforce.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.