Posted on 02/09/2016 12:50:59 PM PST by Citizen Zed
A total of 3.1 million Americans quit their jobs in December, the highest number since December 2006. That pushed the quits rate, which the Fed looks at as a measure of confidence in the jobs market, to 2.1 percent - the highest level since April 2008.
The dollar pared losses against the yen after the data, while U.S. stocks briefly reversed losses. Prices of long-dated U.S. Treasuries were trading higher.
The report came ahead of Fed Chair Janet Yellen's testimony to Congress on Wednesday. A raft of weak economic reports, plummeting oil prices and a stock market sell-off have raised doubts as to whether the U.S. central bank will hike interest rates this year.
(Excerpt) Read more at in.reuters.com ...
Hussein Heads will be overjoyed again with their god because the economy is doing so well that people are actually QUITTING their jobs!
Big Media knows half of America will eat this up.
Of course, they quit their jobs. These were temporary Christmas jobs.
Expect all kinds of happy economic unicorn stories tomorrow. They'll tray everything they can to pump some life into the market.
Zero is the biggest loser ever to occupy 1600 PA Avenue. Worse than the PNut farmer by 10. Mamas don’t let yout babies grow up to be DemocRATs!
To stupid for words........
People are “quitting”, because they were only hired temporally for the Christmas Season .. and to help with end of year inventory.
I presume both of those tasks have been completed now .. so no need to keep these people on the payroll.
This happens every year. The left never seems to catch on.
....as the economy gets stronger, people are QUITTING their jobs?
That doesn’t make sense.
I think most are quitting to write poetry, learn to play the guitar or paint pictures of bowls of fruit. That’s what Pelosi wanted them to do.
If I was running for President I would run on getting the accounting tricks out and getting sanity (tried and true accounting) back in
And then he beheaded it.
I Replied to wrong thread!
As for this one, BULLSPIT! This is a crock of shite and it stinks.
Exactly, seasonal Christmas jobs. More spin from the spin monsters of DC. Just crap, crap, crap and more crap.
I’ve “quit” 2 jobs - by being lain off due to reduction in force.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.