In a sign that the job market is (finally!) recovering, more and more Americans are leaving their current positions in search of better opportunities.
Of all the U.S. workers who separated from their jobs in May, over 2.5 million (or 56%) left by choice, according to data from the U.S. Department of Labor. And research from the Conference Board suggests that, for the first time since early 2008, more Americans describe business conditions as “good” rather than “bad.”
This development makes sense: Unemployment fell to 6.1% in June, the lowest in almost six years. And the average job search lasts 2.84 months, compared to 3.52 months last year.
At the same time, the economy is still far behind some pre-Recession markers. The number of people voluntarily leaving their jobs is still lower than the November 2006 high by about 18%.
But the steadily increasing number of workers calling it quits won’t go unnoticed. Wages may rise across the board as employers try to avoid high turnover and hold on to talent—meaning this trend could benefit you even if you’re not interested in jumping ship. Just make sure you’ve thought long and hard about your decision before you try to negotiate a raise by using a counteroffer.