A record number of Americans are quitting their jobs

American workers' willingness to quit their jobs hits 17-year high

In May, the US quit rate, or the proportion of workers quitting their jobs, reached the highest level since 2001.

The rate of USA employees quitting their jobs reached its highest rate in 17 years, rising from 2.3 percent in April to 2.4 percent in May, when 3.56 million Americans left their jobs.

MarketWatch reports that people who left their jobs in the private sector rose to 2.7% from 2.5%. You can be choosy about your job when you know that the odds of getting a better one are in your favor.

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The report also shows that May marked the second time in two decades there were more jobs available than people unemployed.

Companies continue to fill more positions and as such, job openings dropped to 6.64 million in May, down from 6.84 million. And this intuition would be right. Job switchers increased their earnings by 4.9%, compared to the 4.3% increase that people who stayed at their jobs saw, according to payroll service ADP. With more workers feeling assured of finding better employment, sustained wage gains may soon follow.

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