Total Separations: Construction
Rate, Seasonally Adjusted
JTS2300TSR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
13.89%
Date Range
12/1/2000 - 6/1/2025
Summary
The Job Openings and Labor Turnover Survey (JOLTS) Quits Rate, Seasonally Adjusted measures the number of employees who voluntarily left their jobs as a percentage of total employment.
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 JOLTS Quits Rate provides insight into labor market dynamics by tracking workers' willingness to leave their current positions, which can reflect economic confidence and opportunities. Economists and policymakers analyze this metric to understand employment trends and worker mobility.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Quits Rate is an important indicator for the Federal Reserve and other institutions in evaluating the strength of the labor market and broader economic conditions.
Key Facts
- The Quits Rate reached a record high of 3.0% in November 2021.
- Quits tend to rise during periods of economic expansion as workers feel more confident in finding new jobs.
- Higher quits can signal labor shortages and upward pressure on wages.
FAQs
Q: What does this economic trend measure?
A: The JOLTS Quits Rate measures the number of employees who voluntarily left their jobs as a percentage of total employment.
Q: Why is this trend relevant for users or analysts?
A: The Quits Rate provides insight into labor market dynamics, worker confidence, and employment trends, which are important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quits Rate is an important indicator for the Federal Reserve and other institutions in evaluating the strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The JOLTS Quits Rate data is released monthly with a one-month lag.
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Citation
U.S. Federal Reserve, Job Openings and Labor Turnover Survey (JOLTS) Quits Rate, Seasonally Adjusted (JTS2300TSR), retrieved from FRED.