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The quits rate is the confidence tell.
When workers are scared, they stop voluntarily leaving jobs.
It's been depressed because people don't see anywhere better to jump.
That's not a strong labour market. That's a trapped one.
The quits rate is the confidence tell.
When workers are scared, they stop voluntarily leaving jobs.
It's been depressed because people don't see anywhere better to jump.
That's not a strong labour market. That's a trapped one.