Solid measure of worker confidence. This will be followed by more wage pressure and the Fed revisiting a more aggressive monetary policy.
"Americans quit their jobs in May at the fastest rate since 2001, showing that workers feel so good about the economy they are willing to leave one company for another.
The percentage of people in the private sector who left their jobs by choice rose to 2.7% from 2.5%, the government said Tuesday. The so-called quits rate among all workers edged up to 2.4% from 2.3%. Both hit the highest levels since 2001."
I never even thought about that stat before.
No better measure of worker sentiment.