What the Record Spike in “Quits” Says about the Job Market, Inflation, and How Labor Gained Pricing Power

by Wolf Richter, Wolf Street: One more reason “transitory” and “temporary” have become a silly joke. Even the Fed is backing off promoting it. The number of people who quit jobs voluntarily – to work for another company that offered higher wages and benefits and a signing bonus; to change careers entirely; to stay home […]