October 22, 2013
According to the latest jobs report, the percentage of unemployment due to people voluntary quitting their jobs rose back to 8.8 percent, tying the high for the recovery hit in June. The duration measures were little changed, although the share of the unemployed who were out of work for more than 27 weeks fell 1.0 percentage point to 36.9 percent, the lowest since October of 2009. However, this is probably more attributable to shorter benefit duration than an improvement in job prospects. The number of people working part time continued to fall back, continuing the trend of the last three years.
For more, read the latest Jobs Byte.