Why people are quitting their jobs and starting businesses

Out of all the economic indicators out there — labor force participation, international trade, manufacturing — two are particularly indicative of national confidence in the economy’s future: the quit rate and the number of new business startups.

And right now, both suggest that America’s economic confidence is high.

“Workers coming out of this pandemic recession are confident enough in the economy’s prospects that they’re willing to take a risk and leave their job behind,” Marketplace’s senior economics contributor Chris Farrell told host David Brancaccio in an interview.

The following is an edited transcript of their conversation.

David Brancaccio: Quit rate — people voluntarily saying, “I’m leaving this job for greener pastures, Mr. Boss, sayonara.”

Chris Farrell: That’s right. So it’s at a series high — so many people are…

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