At least that what's some are saying. The quit rate--at a six year high--jumped to 2 percent in September with the number of job quits, according to the Bureau of Labor Statistics, at 2.8 million.
That could turn out to be a jolt from the JOLTS department for the Federal Reserve.
Federal Reserve Chair Janet Yellen reportedly pays close attention to the JOLTS report. The reasoning being if one feels good enough to quit one's job it must be because he also believes jobs are now more plentiful and easier to get.
Does this mean that the old two percent target rate for inflation is as passe as pegged pants or is this just another twist in the six year ongoing monetary circus we've all been watching and wondering about?
If your into jolts from the BLS department of JOLTS report, here you go:
This news release presents statistics from the Job Openings and Labor Turnover Survey (JOLTS). The Bureau of Labor Statistics (BLS) collects and compiles JOLTS data monthly from a sample of nonfarm establishments. A more detailed discussion of JOLTS concepts and methodology is available online at www.bls.gov/opub/hom/pdf/homch18.pdf.
Meanwhile, if you want to view an interesting chart about the matter from Business Insider click on the link below.
By the way, try saying three times as fast as you can: Jolts and jobs, jobs and jolts.You might like it.
http://e.businessinsider.com/public/3338502
No comments:
Post a Comment