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More jobs research? Add it to the budget

Data on "the quits rate" will track those who leave jobs in search of something better.

Tucked into the president’s budget Monday was a little extra something something for the Bureau of Labor Statistics.

Specifically, it allocated a couple of million dollars to let them fold what’s called “the quits rate” — people leaving their jobs in search of greener pastures — into the monthly data.

It’ll let us talk about even more jobs stuff every month.

Federal Reserve Board Chair Janet Yellen looks at it pretty closely too. So there’s that.

 

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