This is an interesting/alternative gauge on the health of the job markets that also caught the eye of Janet Yellen

This is an interesting/alternative gauge on the health of the job markets that also caught the eye of Janet Yellen. The Quit Rate i.e. number of people who are quitting their jobs has dramatically increased. According to the US Bureau of Labor Statistics in November 2013 2.4 million people quit their jobs - this is over a million more people than during the depth of the financial crisis. In general, a rise in quitters is a promising sign: People usually quit because they have another job, or are confident that they can get one. Early in 2013 Yellen singled out the quit rate as an important labor market signal saying, A pickup in the quit rate, which also remains at a low level, would signal that workers perceive that their chances to be rehired are good. Article and chart here (VIEW LINK)