Record number of Americans quitting their jobs to seek better opportunities: report

Record number of Americans quitting their jobs to seek better opportunities: report
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A record number of Americans are quitting their jobs to seek better opportunities, according to Labor Department data first reported by Bloomberg.

The rate of U.S. employees quitting their jobs reached its highest rate in 17 years, rising from 2.3 percent in April to 2.4 percent in May, when 3.56 million Americans left their jobs.

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Rising “quit rates” are considered positive because they often indicate employees are leaving their current positions for jobs with higher wages and better benefits. 

The Labor Department data show there were fewer job openings in May than there were in April, but considering April’s number of job openings was a record 6.84 million, the 6.64 million jobs available in May still indicates a strong economy, Bloomberg reported.

These numbers come as unemployment rates remain very low, reaching 4 percent nationwide in June.

Though President TrumpDonald John TrumpWSJ: Trump ignored advice to confront Putin over indictments Trump hotel charging Sean Spicer ,000 as book party venue Bernie Sanders: Trump 'so tough' on child separations but not on Putin MORE frequently takes credit for the booming U.S. economy, he has alarmed economists in recent months with his aggressive trade policies that target China as well as allies including Canada and the European Union.