Employees in the U.S are clinging to their jobs in a labor market characterized by historically low rates of worker turnover, recent data shows.
Data from ADP Research, a provider of labor market analysis, shows that workers are leaving their jobs either through quitting or layoffs at an unusually low rate. Measured by the rate of employee turnover, so-called job “stickiness” is at a multi-year high as many workers hunker down amid significant economic uncertainty. The pace of job turnover hit a nine-year low in January, at 5.8%, ADP found.
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