Find Quote by Janet Yellen
“Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires.”
About This Quote
Source Speech: Economic Outlook Remarks, U.S. Treasury, 2023
Labor market health can be gauged by voluntary quits, which rise when workers feel confident about finding new jobs and when firms compete for talent.
In simple terms: Quits signal confidence and a strong job market.
Watch quit rates as a confidence gauge.
Themes
Mood
Type
When to use this quote
- career planning
- recruiting strategies
- policy analysis
- personal finance
Key Concepts
Questions to Reflect On
- How do you interpret a rising quit rate?
- What policies could reduce unnecessary turnover?
Quits can also reflect job dissatisfaction, not just confidence.