Recent signs suggest that the labor market continues to strengthen, a positive sign for future growth of the economy. This week’s chart of the week shows both the number of job quits, which reached an all time high of 4.3 million in August, along with the unemployment rate which has come down significantly since the high of the pandemic. The combination of the two imply that workers are leaving for opportunities elsewhere, which also opens the door for new positions, a positive sign for future growth in the labor and economy.

Source: Fred