Average Probability of U.S. Workers Making Employer to Employer Transitions
This dataset tracks average probability of u.s. workers making employer to employer transitions over time.
Latest Value
2.19
Year-over-Year Change
-5.33%
Date Range
10/1/1995 - 6/1/2025
Summary
The 'Average Probability of U.S. Workers Making Employer to Employer Transitions' measures the likelihood that employed workers will voluntarily switch jobs. This provides insight into labor market dynamism and worker confidence.
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 probability that employed individuals in the U.S. will move directly from one employer to another. It serves as a key measure of labor market flexibility and worker optimism about career prospects.
Methodology
The data is calculated based on survey responses from the U.S. Current Population Survey.
Historical Context
Policymakers and analysts use this trend to gauge worker mobility and assess the underlying health of the labor market.
Key Facts
- The average probability is currently around 2.7% per month.
- Worker transitions declined sharply during the COVID-19 pandemic.
- Higher transition rates signal a stronger, more flexible labor market.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly probability that employed workers in the U.S. will voluntarily switch from one employer to another.
Q: Why is this trend relevant for users or analysts?
A: The 'Employer to Employer Transitions' rate provides insight into labor market dynamism and worker confidence, which are important for assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on survey responses from the U.S. Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to gauge worker mobility and the underlying strength of the labor market, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Probability of U.S. Workers Making Employer to Employer Transitions (FMPNSA), retrieved from FRED.