- Record-high quits suggest Americans are confident in their ability to find better jobs.
- The unusual labor market trend may give way to several encouraging developments for the US economy.
- Here are four reasons the quits surge could benefit the US, from higher pay to a productivity revolution.
- See more stories on Insider’s business page.
On the surface, the labor market hasn’t been making much sense.
Take April for example: Ten million Americans were unemployed, even though nearly that same number of jobs were open (9.3 million, a record high). That same month, hiring slowed to a crawl and 4 million more people quit their jobs (another record high). That sum could grow even larger; roughly 40% of employees have considered quitting, according to a…