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When Unemployment Is Low, Jobs Get Better


Robby

One of the most powerful messages you can send to an employer is in the form of your resignation. That’s because an employment relationship isn’t like a friendship. You’re being paid to show up to work every day. Quitting is saying “I’d rather not take your money any more.”

And when unemployment is low—like it is right now in Indiana—more people are willing to quit a bad job for a better one.

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A recent podcast from NPR covers this with a catchy title: Why Quitting is Awesome. Here’s a bit of the interview:

BUNKER: If you’re quitting your job, you likely either already got a new job or you think you are very likely to get a new job soon. So that’s a sign that people feel confident enough to leave their current job.

GOLDSTEIN: So the higher the quits rate, the better. A lot of people quitting – that’s actually a good sign about the state of the economy.

BUNKER: Yes, definitely.

GOLDSTEIN: The latest quits rate, according to today’s JOLTS report, is 2.2 percent. So 2.2 percent of workers quit their jobs in November. Nick says that’s a lot better than it was back during the recession. Then, it was just a little over 1 percent. But, he says, the quits rate has been stagnant for a while now, and that makes him nervous.

You would like to see more people quitting their jobs.

BUNKER: I would. I would.

I personally love hearing when people quit their job. I tell them congratulations and offer to shake their hand. Because if you quit a job, you must have felt like that wasn’t right for you and you felt empowered to make the decision.

It also means that jobs are getting better, paying better, and are broadly more competitive.

So next time you hear someone is quitting, tell them you’re happy to hear it. Because it probably means something better is coming for them, as well as for you.

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About the Blogger: Robby Slaughter is a productivity speaker and expert. He is a principal with a AccelaWork, an Indianapolis consulting firm.

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