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U.S. Saw Fewer Layoffs in April and More Voluntary Departures

Minneapolis Star Tribune (05/03/12) Dee DePass

The U.S. Department of Labor reports a decrease in layoffs to a 10-month low of 1.7 million in February from 2.4 million in February 2009 and a jump in the number of workers quitting their jobs to 2.1 million from 1.8 million over the same time span. More “quits can be seen as a measure of what people think about the economy, because you are not likely to quit a job unless you have another one or think there is another job out there for you,” says Guy Podgornik, an economist at the U.S. Bureau of Labor Statistics. Jim Kwapick, senior vice president at Robert Half International, says more workers in the information technology and accounting sectors, in particular, are considering multiple job offers.