Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires.

Janet Yellen

Janet Yellen

Ability About Actively Additional Competing Confident Example Find Flows For Example Jobs Labor Market More New Private Private Sector Provide Quit Quits Rate Sector Since Strength Voluntarily Workers

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