Good news! Americans are quitting their jobs at a rapid rate

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By Dan Kopf

According to recently released data from the US Bureau of Labor Statistics (BLS), more than 3.2 million people quit their jobs in May 2017, the most Americans to quit in a month since early 2001. It’s also the highest rate of quitting since June 2006.

This might seem concerning. If a lot of people are quitting at a company, it’s usually a sign that the firm is doomed. But a high quit rate at the national level is great news. In fact, it’s one of the leading indicators of a healthy labor market.

The act of quitting is the ultimate sign that a person is optimistic about their job opportunities. “When do people quit their jobs? They quit their jobs when they are moving to another job or they think another job is out there or available to them,” BLS economist Guy Podgornik told National Public Radio’s Marketplace.

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