The quits rate for construction and manufacturing has fallen sharply

A high quits rate means employees are confident quitting because they believe finding a new, better-paying job will be easy.

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— Eric Basmajian (@EPBResearch) January 22, 2025

At EPB Research, we focus on the quits rate in construction and manufacturing — the two key swing factors in the labor market.https://t.co/unsbPbt8Za

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— Eric Basmajian (@EPBResearch) January 22, 2025

Following a sustained decline in quits, job losses are starting to show up in these key sectors, but so far, it is concentrated only in manufacturing.

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— Eric Basmajian (@EPBResearch) January 22, 2025