A record number of Americans are quitting their jobs
CNN
A record 4.3 million people quit their jobs in August, evidence of the considerable leverage workers have in today's economy.
About 2.9% of the workforce quit in August, up from 2.7% in July, according to the Job Openings and Labor Turnover Survey (JOLTS) report, released Tuesday. That marks the highest quit rate since the report began in 2000.
The number of workers who quit rose by 242,000 from July. Quits rose in accommodation and food services, wholesale trade and state and local government education.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.