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Corporate employees are quitting less.
The latest Job Openings and Labor Turnover Summary (JOLTS) from the Bureau of Labor Statistics, released on June 4, showed that the total number of quits in April was 3.5 million, hardly changed from 3.4 million in March, and the quit rate for all industries remained at 2.2% for the sixth consecutive month.
The professional and business services industry, in particular, saw the biggest monthly decline, down 131,000, or 19%, to 560,000 in April. That’s the industry’s biggest monthly drop in the last year, with the next biggest, 70,000 quits, occurring between October and November 2023.
Corporate employees