The Bureau of Labor Statistics released a rather intriguing report yesterday that should give compliance and financial reporting executives pause: the labor market is getting tighter.
More people quit their jobs in March (1.87 million) than were laid off (1.83 million). It was the second consecutive month we’ve seen the “quit rate” exceed the pace of layoffs—and while nobody is calling it a trend yet, we last saw this phenomenon in November 2008, just before unemployment started to soar.
