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Photo: Andy Cross/The Denver Post via Getty Images

U.S. workers are quitting their jobs again, a sign of confidence in the economy and a very good reason to feel optimistic on Independence Day.

The big picture: 2018 is the first year on record that the U.S. has more available jobs than people looking for jobs. And at the same time, "workers are choosing to leave their jobs at the fastest rate since the internet boom 17 years ago," the WSJ's David Harrison and Eric Morath report.

  • "3.4 million Americans quit their jobs in April, near a 2001 peak and twice the 1.7 million who were laid off from jobs in April."
  • "Job-hopping is happening across industries including retail, food service and construction, a sign of broad-based labor-market dynamism."

Why it matters: "Job-switchers saw roughly 30% larger annual pay increases in May than those who stayed put over the past 12 months..."

Be smart: We're still expecting major job losses from automation, without a solid answer for what we'll do about it.

  • As Axios' Steve LeVine noted earlier this year, "Congress and the Trump administration have yet to create a coherent policy response... including the potential for decades of flat wages and joblessness. But cities and regions are starting to act on their own."

Go deeper

City Council member Andre Dickens wins Atlanta mayoral race

Andre Dickens during a rally at Center Stage on November 28, 2021 in Atlanta, Georgia. (Photo by Paras Griffin/Getty Images)

City Council member Andre Dickens won a runoff election Tuesday to become Atlanta's next mayor, soundly beating the council's president Felicia Moore.

The big picture: Dickens was just a few months ago considered to have an outside chance of replacing Mayor Keisha Lance Bottoms, who announced in May that she wouldn't seek a second term.

UN report: Pandemic set to cost global tourism $2 trillion in 2021

A tourist in front of the Eiffel Tower on November 25, 2021 in Paris. Photo:Chesnot/Getty Images

A new United Nations report warns that global tourism will see only modest revenue gains in 2021 after last year's historic losses amid the COVID-19 pandemic.

Why it matters: Tourism revenues in 2020 fell by more than half from the previous year — a significant blow to the global economy, according to analysis by the UN World Tourism Organization (UNWTO).

Updated 2 hours ago - Health

2 federal judges temporarily block Biden vaccine mandates

President Biden delivers remarks on the Omicron COVID-19 variant at the White House on Nov. 29. Photo: Anna Moneymaker via Getty Images

The Biden administration was temporarily blocked from enforcing COVID-19 vaccine mandates for millions of workers by federal judges in two states on Tuesday.

The big picture: The orders, by federal judges in Kentucky and Louisiana, come one day after a federal judge in Missouri halted the mandate, which has a Jan. 4 deadline, in 10 states.

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