Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
The U.S. quits rate has remained unchanged for the longest period on record. For 10 straight months, from June 2018 to April, the quit rate has been 2.3%.
The big picture: The high quit rate — the measure 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 the second highest rate since the government began tracking the data in 2000.
The intrigue: The plateauing rate is a strange and potentially worrisome development as U.S. jobs growth has stalled its torrid pace.
- However, the last time the quit rate plateaued, from April through November 2016, it picked up again setting the pace for the current highs.
Go deeper: The U.S. quit rate is strangely steady