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Definition of Quits Rate

Definition: Quits Rate

The quits rate is used by the Bureau of Labor Statistics to track how many people are quitting their jobs. The most recent Job Openings and Labor Turnover Survey reports that in recent months, the quits rate has been at its lowest since 2000, when the government started the tracking system.

The drop in the number of quits shows how unwilling (or unable) Americans are to give up their jobs. Plenty of people probably have the desire to leave their current positions, but the lack of opportunities and general economic uncertainty are deterring them from making the jump.


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sorrowja sorrowja 6 years
I'm happy to have my job. Even if you have your job just hang in there and wait this mess out because the job market is very hard.
phatE phatE 6 years
FYI: i quit my job back in September {weeks before the economy completely tanked} and still haven't found a job.. looking back, i am glad i did it when i did, because i was stuck and if i would have know what was coming i wouldn't have done it, but it hasn't been easy or fun... if you can hang on at your job, do it.. OR, know that even the back up plans like starbucks, etc aren't hiring and be prepared to not have a job for a while..
WeTheLiving WeTheLiving 6 years
That's understandable. I want to quit my job so badly, but so afraid it will be hard to find work since so many companies are letting people go instead of hiring and there are so many on the job market because of that. I'm worried that even if I did get a job, I'd get laid off in the near future. In my current job they had to fire 1 person, but because another is leaving they told us they are not letting anyone else go.
jadenirvana jadenirvana 6 years
I actually just quit my job! It is my goal to write a novel before I'm thirty, so I decided it's now or never (I'm 27). Guess I'm swimming against the stream:) But honestly, I think life's too short to be unhappy, or even just on autopilot, regardless of a recession.
Frenched Frenched 6 years
This is very true. People right now are totally THANKFUL that they even have a job. It's definitely not the ideal time to be quitting right now...
gooniette gooniette 6 years
Yep, I'll be trying to hold on to mine for a while even though I want to quit about once a week. Bad economies are no fun.
ilanac13 ilanac13 6 years
i completely understand why this rate is so low - no one is willing to be without a paycheck knowing that there's a GREAT chance that they won't find something so quickly this time around.
Meike Meike 6 years
I quit my job a couple of weeks ago. It's not that I took my job for granted or anything like that. I'm just fortunate enough to be in a field unaffected by this recession and therefore, it is easy to obtain another one like it. Currently, I am jobless and moving to another country where there will be similar opportunities.
ylovely ylovely 6 years
Not surprising that folks are holding on to what they have. It is such a difficult and discouraging time right now.
Smacks83 Smacks83 6 years
NV27, I'm with you. My job isn't my ideal, but it's a job and its in NYC where they ain't easy to come by. So yeah, I'm thankful each day too! ps: Love the guy in the pic, like he's saying "See ya mofos, I'm out!"
nv27 nv27 6 years
Makes sense. Im more thankful for my job with every passing day.
aimeeb aimeeb 6 years
So true!!
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