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A record 4.5 million Americans quit their jobs in November

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By PAUL WISEMAN

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A record 4.5 million American workers quit their jobs in November, a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year's coronavirus recession.

This strangely echoes the recent Kyodo article about rising unemployment figures in Japan:Record number of people quitting their jobs means people are confident in the free market capitalist job market!!

But massive government spending — and eventually the rollout of vaccines — brought the economy back.

Very similar spin here. The stock market and companies have bounced back. But with stimulus money and unemployment benefits and rent freezes ending, workers are in flux.

Next article:Growing homelessness seen as a sign of confidence in the housing market.

-2 ( +1 / -3 )

"The unemployment rate has fallen to 4.2%, close to what economists consider full employment."

Give the bourgeois economists a 4.2% salary cut and see what they'll say.

1 ( +1 / -0 )

"A record 4.5 million American workers quit their jobs in November, a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year's coronavirus recession."

A sign of confidence in the job market?

2 ( +2 / -0 )

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