A Look at the Job Market in 2024 - iMercer.com
Looking at the job market right now, there is good news. The number of workers leaving their jobs is decreasing. Employers are finally starting ...
labor leverage ratio
The above industries are seeing the highest <anchor>labor leverage ratio</anchor>, which is the number of employee-initiated quits per employer layoff. This means they will feel the tight labor market more severely and should take extra care in creating a competitive compensation and benefits package to stay afloat going into 2024.
Interactive Labor Leverage Ratio tracks workers' power in the labor market | News | Upjohn Institute
Interactive Labor Leverage Ratio tracks workers' power in the labor market \| News \| Upjohn Institute

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# Interactive Labor Leverage Ratio tracks workers' power in the labor market

![Man in hard hat examines elecrical box](/sites/default/files/news/2023-08/electrician-power-Black-man-hard-hat-worker.jpg)

Aug. 1, 2023

The interactive [Labor Leverage Ratio launches today](https://www.upjohn.org/labor-leverage-ratio) on the Upjohn Institute website. The ratio was coined and developed by Aaron Sojourner, a senior researcher with the Institute.

The Labor Leverage Ratio measures worker versus employer bargaining power by indicating the number of quits initiated by workers per employer-initiated layoff or discharge.

While many people look to the quit rate alone to measure worker power, the Labor Leverage Ratio's pairing of the quit rate with firings and layoffs offers more insight into the broader economy.

The interactive Labor Leverage Ratio allows the user to display the ratio by month for total nonfarm or total private employment or by sector. Another feature allows comparisons of specific sectors over time using a 12-month moving average, with data from 2002 up through the most current available data.

Data for the interactive displays are updated monthly upon the release of the Bureau of Labor Statistics Job Openings and Labor Turnover Survey.

Sojourner is [available to comment](https://www.upjohn.org/about/upjohn-team/staff/aaron-sojourner) on the Labor Leverage Ratio and the latest trends.

[Explore the Labor Leverage Ratio](		  https://www.upjohn.org/labor-leverage-ratio

	)

* * *

**Date:**
August 1, 2023



## Related Information

[Explore the interactive Labor Leverage Ratio](https://www.upjohn.org/labor-leverage-ratio)

[Aaron Sojourner staff page](https://www.upjohn.org/about/upjohn-team/staff/aaron-sojourner)

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