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I Quit!

The positive news on the "Quit Rate" front is another signal that the recovery is alive and well.

By Tony LoPinto | Updated on February 11, 2014

There was more good news from the Labor Department at the end of last week. The number of Americans who voluntarily left their job, otherwise known as the “Quit Rate” hit 1.8% of the workforce up from a low of 1.2% in September 2009.

Translated into real numbers, 2.4 million workers resigned in November. Our new Federal Reserve Chairwoman Janet Yellen, considers this to be very good news because the willingness of workers to jump ship is considered a sign of the labor market’s health because they are optimistic about their prospects for landing a new and better job.

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