The share of American workers who voluntarily quit their jobs has been higher than previously thought, indicating a higher level of confidence among workers that better jobs are available, and hiring increased in June. The quits rate, which measures the share of workers who choose to leave their jobs, came in at two percent in June, higher than the 1.9 percent previously reported for May and April, according to the government’s monthly report on the Job Openings and Labor Turnover Survey or JOLTS.  The quits rate for May was revised up to two percent. The quits rate is a proxy for worker confidence because employees generally leave when they believe they have good prospects of finding a better job or have already found new work. The quits rate in the private sector for June was higher, at 2.2 percent. The rate for May was revised up to 2.2 percent from 2.1 percent. The unemployment rate in June fell to 4.2 percent from 4.3 percent in the previous two months. The private sector added a seasonally adjusted 49,000 workers to payrolls, including 6,000 in durable goods manufacturing and 11,000 in construction. Including the public sector, payrolls expanded by 57,000. The quits

The post JOLTS: Hiring Rises and Quits Rate Indicates Higher Confidence Among American Workers appeared first on Breitbart.