Hires: Total Nonfarm in Midwest Census Region
Rate, Seasonally Adjusted
JTS00MWHIR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
-6.06%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits Rate, Seasonally Adjusted' measures the proportion of employees who voluntarily leave their jobs. This key labor market indicator provides insight into workers' confidence and the strength of the overall economy.
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
The Quits Rate tracks the number of employees who willingly resign from their positions, excluding retirements or involuntary terminations. It is considered a leading indicator of labor market health and worker confidence in finding new opportunities.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on the Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Economists and policymakers closely monitor the Quits Rate to gauge labor market dynamics and assess the broader economic climate.
Key Facts
- The Quits Rate reached a record high of 3.0% in November 2021.
- High Quits Rates are associated with tight labor markets and strong worker bargaining power.
- Quitting can signal that workers are confident in their ability to find new, better jobs.
FAQs
Q: What does the Quits Rate measure?
A: The Quits Rate tracks the proportion of employees who voluntarily resign from their jobs, excluding retirements or involuntary terminations.
Q: Why is the Quits Rate relevant for users or analysts?
A: The Quits Rate is a key indicator of labor market health and worker confidence, providing insights into broader economic conditions.
Q: How is the Quits Rate data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on the Job Openings and Labor Turnover Survey (JOLTS).
Q: How is the Quits Rate used in economic policy?
A: Economists and policymakers closely monitor the Quits Rate to gauge labor market dynamics and assess the broader economic climate.
Q: Are there update delays or limitations for the Quits Rate?
A: The Quits Rate data is released monthly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month lag.
Related Trends
Consumer Unit Characteristics: Adults 65 and Older by Region: Residence in the Midwest Census Region
CXU980060LB1103M
New Privately Owned Housing Completions Average Square Feet of Floor Area for One-Family Units in the Midwest Census Region
COMPSFLAA1FMWQ
Income Before Taxes: Unemployment and Workers' Compensation, Veterans' Benefits, and Regular Contributions by Region: Residence in the Midwest Census Region
CXUOTHREGINLB1103M
Expenditures: Dairy Products by Region: Residence in the Midwest Census Region
CXUDAIRYLB1103M
Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Poured Concrete Foundation and Structure Contractors for Midwest Census Region
PCU2364002364002243
New Privately Owned Housing Starts by Number of Units in Building, 10 to 19 Units in the Midwest Census Region
HOUSTDTD1019UMMWQ
Citation
U.S. Federal Reserve, Quits Rate, Seasonally Adjusted (JTS00MWHIR), retrieved from FRED.