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NEW YORK — Frustrated employees are voluntarily quitting their jobs at the highest level in almost three years as confidence 

they will find another stabilizes, even with unemployment at about 9 percent for more than two years.

Almost 2 million Americans quit their jobs in May, a 35 percent rise from the lowest level in January 2010, according to the Department of Labor.

An increase in job switching is a sign of more confidence in the labor market and the economy, according to Scott Brown, chief economist at Raymond James brokerage firm in St. Petersburg, Fla.

"When the economy is rebounding, workers are more likely to quit their jobs to take another," Brown said, commenting after last week's report that the U.S. economy grew less than forecast in the second quarter.

The share of Americans who perceive that jobs are "hard to get" subtracted from the share of those who say opportunities are "plentiful" rose to negative 39 percentage points in July from a low of minus 46 points in November 2009, according to data from The Conference Board, a research group.

The 2007-2009 recession and labor-market weakness contributed to rising worker frustration, according to a survey conducted by Right Management, the consulting division of staffing agency ManpowerGroup.

Eighty-four percent of employees planned to look for a new job in 2011, up from 60 percent the prior year. Only 5 percent intended to remain in their current position, according to Right Management's December survey.

Click here to read More at the seattle times

By Anna-Louise Jackson and Anthony Feld

Bloomberg News

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