Economist says mid-state employers will have to pay more to keep workers

Jul 12, 2018

The quit rate has been climbing steadily since the end of 2009, according to data from the Federal Reserve.
Credit Fed Reserve Bank St. Louis

NASHVILLE, Tenn. (OSBORNE)  --  A Lipscomb Univeristy economist says new federal data suggests Middle Tennessee employers are going to have to raise wages if they want to hire and retain a qualified workforce. 

The U.S. Bureau of Labor statistics released numbers on Tuesday that show American workers are quitting their jobs at rates not seen since the bubble peaked in 2001.

WMOT News asked Lipscomb College of Business Economist Andy Borchers to explain the so-called "quit rate" and suggest what the development means for the Nashville market. 

Use the link below to hear the complete interview.