The BLS defines a job quit as a “voluntary separation initiated by an employee.” The BLS estimated that there were 3.1 million job quits in March 2017.
a. Economists distinguish three types of unemployment: frictional, structural, and cyclical. How would you classify unemployment caused by an increase in job quits?
b. Would an increase in the number of job quits suggest that it was becoming easier or more difficult for people to find jobs? Briefly explain.