More Americans are quitting their jobs. But, according to reports the reason people are leaving for better paying jobs. Many companies have boosted pay or offered other incentives to attract workers. The percentage of people quitting their jobs, meanwhile, also rose to a record 2.8% among private-sector workers. That’s a full percentage point higher than a year ago, when the so-called quits rate fell to a seven-year low. A recent study by Bank of America, for example, found that job switchers earned an extra 13% in wages from their new positions. Almost 4 million people quit their jobs in April, That’s nearly double the number of people who quit one year earlier. Click Here To Read More.
Source: Market Watch