The Institute for Supply Management's non-manufacturing index figures for April are set to be released on May 1. Photographer: Ariana Lindquist/Bloomber'The quits waves in manufacturing in 1948, 1951, 1953, 1966, 1969 and 1973 are of the same order of magnitude as the current wave,' says the report. The so-called ‘quits rate’, which measures voluntary job leavers as a share of total employment, remained near a record 2.9pc in February. Roughly 4.4 million Americans quit their jobs in the month, according to Labour Department data back to 2000. “The quits waves in manufacturing in 1948, 1951, 1953, 1966, 1969 and 1973 are of the same order of magnitude as the current wave,” said Mr Hobijn.

Source: Irish Independent April 06, 2022 12:40 UTC