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The Quits Rate: Another Economic Indicator

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The Quits Rate: Another Economic Indicator

Economy

The Quits Rate: Another Economic Indicator

The Quits Rate: Another Economic Indicator

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  • <iframe src="https://www.npr.org/player/embed/100986733/100986723" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Lots of people are talking about the unemployment rate, but what about the "quits rate"? That's the rate at which people are quitting their jobs. And as the economy tanks, fewer people are quitting. U.S. Bureau of Labor Statistics economist John Wohlford explains what this means for the work force.

And Jacki Lyden talks to two people who've made — and survived — huge career changes. Mike Precker worked as a newspaper reporter for decades; now, he helps manage a "gentlemen's club" in Dallas. Daniella Crowder went from social worker to saleswoman; after 13 years of working with the developmentally disabled, she now owns Bike Newport, on the Oregon coast.

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