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Quitting Your Job Means Wage Growth, Says Economist Leaving BOE

Policy maker Kristin Forbes says workers choosing to leave their jobs are a sign of confidence and higher pay

A man checks the newspaper job adverts at a cafe in Sydney, Australia, on Tuesday, September 5, 2006. Australia's jobless rate unexpectedly fell to a 31-year low
in January as fewer people sought work, raising expectations interest rates may climb again. — A man checks the newspaper job adverts at a cafe in Sydney, Australia, on Tuesday, September 5, 2006. Australia's jobless rate unexpectedly fell to a 31-year low in January as fewer people sought work, raising expectations interest rates may climb again.Photographer: JACK ATLEY

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By Lucy Meakin

June 29, 2017 at 11:00 PM EDT

This article is for subscribers only.

Telling the boss to shove it may be a fantasy for many workers, but for outgoing Bank of England policy maker Kristin Forbes, it’s a sign that all is right in the labor market.

Forbes, who is herself leaving the central bank to return to her teaching role at the Massachusetts Institute of Technology, says the number of workers quitting is one of the indicators she watches closely to monitor confidence and the outlook for wages.

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