Monthly Transition Rate of Prime-Age U.S. Workers From Employment to Non-Employment Due to a Quit
This dataset tracks monthly transition rate of prime-age u.s. workers from employment to non-employment due to a quit over time.
Latest Value
0.95
Year-over-Year Change
-11.69%
Date Range
1/1/1978 - 6/1/2025
Summary
The 'Monthly Transition Rate of Prime-Age U.S. Workers From Employment to Non-Employment Due to a Quit' measures the share of employed prime-age workers who leave their jobs voluntarily. This provides insight into worker confidence and labor market churn.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the monthly rate at which prime-age (25-54 years old) employed Americans transition from being employed to non-employed, specifically due to quitting their job. It offers a window into worker perceptions of labor market opportunities and willingness to change jobs.
Methodology
The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess labor market conditions and worker confidence.
Key Facts
- The quit rate averaged 2.5% per month in 2022.
- Quit rates are highest among workers aged 25-34.
- Quitting is more common in industries like leisure, hospitality, and professional services.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly percentage of employed prime-age Americans who voluntarily leave their jobs, providing insight into worker confidence and labor market dynamism.
Q: Why is this trend relevant for users or analysts?
A: The quit rate is considered a key measure of worker confidence, as people are more likely to leave jobs when economic opportunities are abundant. It informs policymakers and analysts about labor market conditions.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the quit rate to gauge worker confidence and assess the strength of the labor market, which informs decisions on interest rates, employment programs, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of about one month, so the most recent figures may not reflect the current state of the labor market.
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Citation
U.S. Federal Reserve, Monthly Transition Rate of Prime-Age U.S. Workers From Employment to Non-Employment Due to a Quit (EMEQPSA), retrieved from FRED.