More Resignations Than Layoffs In February


WASHINGTON (UPI) — There’s a new sign of confidence in the U.S. economy — in February more people quit than were laid off for the first time in several years.

The U.S. Labor Department reported in its Jobs Turnover and Labor Survey that 51 percent of those who left jobs resigned, CNBC reported. That’s up from 49.8 percent the previous month.

While economists declared the recession over in June 2009, almost three years ago, job growth has been sluggish or almost non-existent. The government reported that only 120,000 jobs were created in March after months of slowly improving numbers.

“The March report seems to be widely accepted as a one-off,” said Michael Murphy, an analyst with the hedge fund Rosecliff Capital. “I agree with the conclusion that consumer confidence is improving.”

Experts say job seekers still have a difficult time. Many also have trouble moving to take or see jobs because of the crash in the housing market.


UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.