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Government workers are quitting their jobs at a historic rate and it's great news for your paycheck

Despite a weaker than expected jobs report and JOLTS number, the labor market in the US appears to be fairly tight. According to Torsten Sløk, chief international economist at Deutsche Bank, the number of people quitting state and local government jobs is near an all-time high. " The quits rate measures the number of people who resign as a percent of total employment, and the quits rate for government workers is near its all-time highs, and higher than in 2006," said Sløk in a note to clients.
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