Report: With a booming economy, more Americans are quitting their jobs
People are apparently feeling so good about the current economy that Americans quit their jobs in May at the fastest rate since 2001.
MarketWatch reports that people who left their jobs in the private sector rose to 2.7% from 2.5%.
And the majority of workers who voluntarily leave one job for another usually end up getting better pay or benefits.
Companies continue to fill more positions and as such, job openings dropped to 6.64 million in May, down from 6.84 million.
MarketWatch says that most of the decline came from the Northeast where industries like media and public relations fell by 60,000.
Although if the economy continues to surge, unemployment could reach levels that haven't been seen since the 1960’s.
And with more workers setting out to find bigger and better jobs, employers may have to raise wages to retain their employees and/or to hire new ones.