February 11, 2009
Quits as a percentage of total separations—an indicator of employees' confidence in their ability to change jobs—dropped to 40 percent in December 2008, a new series low.
Total separations is made up of three components (quits, layoffs and discharges, and other separations), with quits contributing the largest portion.
The percentage of total separations attributable to quits has varied over time and has been trending downward from a high of 61 percent in December 2006. It ranged between 54 percent and 59 percent during 2007, and was 56 percent or lower throughout 2008.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Quits as a percentage of separations, December 2008 on the Internet at http://www.bls.gov/opub/ted/2009/feb/wk2/art03.htm (visited November 29, 2015).
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.