Or the job market does, anyway. Thatís the lesson to draw from the latest Labor Department report, which shows the soft underbelly of the U.S. jobs picture. The unemployment rate may be falling and the number of jobs rising. But there isnít enough ďchurnĒ going on, a hallmark of a healthy job market, in which people freely move between positions
But the bad news is that while companies arenít slashing jobs, the job market is such that workers arenít comfortable quitting. In March 2007, 2.2 percent of workers voluntarily left their jobs, most of them presumably to take a job elsewhere (that count would also include those who quit to retire, or go back to school, or for other reasons). In March 2013, that was 1.6 percentóunchanged from a year ago and only barely up from the 1.4 percent level of the darkest days of the recession in March 2009).
Churn, baby, churn: The labor market won’t be healthy until people feel like they can quit their jobs