Inside the White House with D.C.'s most wired reporter. Sign up for Mike Allen's Axios AM.

Stories

The U.S. quit rate is strangely steady

Data: BLS via Federal Reserve Bank of St. Louis; Chart: Axios Visuals

The period between June 2018 and February 2019 has seen U.S. businesses add as many as 312,000 jobs and as few as 33,000 jobs. But the quit rate has remained unchanged.

The big picture: The high quit rate — the number of Americans who voluntarily leave their jobs as a percentage of total employment — is an indicator of a strong economy, and it's been holding at a 15-year high and is the second highest rate since the government began tracking the data in 2000.

  • If the rate remains at 2.3% in March, it will be the longest trend on record.

Go deeper: Teachers quit at highest rate on record in 2018