Quits: Government
Rate, Seasonally Adjusted
JTS9000QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
0.00%
Date Range
12/1/2000 - 6/1/2025
Summary
The Job Openings and Labor Turnover Survey (JOLTS) Quit Rate measures the percentage of total employment that voluntarily left their jobs in a given month. This key economic indicator provides insights into labor market dynamics 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
The JOLTS Quit Rate tracks the share of U.S. employees who willingly leave their positions, which is considered a positive sign of worker mobility and confidence in finding new opportunities. Economists and policymakers closely monitor this metric as a barometer of labor market health and worker sentiment.
Methodology
The Bureau of Labor Statistics collects JOLTS data through a monthly survey of businesses across the United States.
Historical Context
The Quit Rate is used by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The Quit Rate reached a record high of 3.0% in November 2021.
- Quits are concentrated in sectors like retail, hospitality, and healthcare.
- A high Quit Rate signals worker confidence and labor market strength.
FAQs
Q: What does the JOLTS Quit Rate measure?
A: The JOLTS Quit Rate tracks the percentage of total employment that voluntarily left their jobs in a given month, providing insights into labor market dynamics and worker confidence.
Q: Why is the Quit Rate relevant for users or analysts?
A: The Quit Rate is a key indicator of labor market health and worker sentiment, closely monitored by economists and policymakers to inform economic and monetary policy decisions.
Q: How is the JOLTS data collected or calculated?
A: The Bureau of Labor Statistics collects JOLTS data through a monthly survey of businesses across the United States.
Q: How is the Quit Rate used in economic policy?
A: The Quit Rate is used by the Federal Reserve and other institutions to gauge labor market conditions and worker confidence, which informs their economic and monetary policy decisions.
Q: Are there any update delays or limitations with the Quit Rate data?
A: The JOLTS data, including the Quit Rate, is published with a one-month lag by the Bureau of Labor Statistics.
Related Trends
Citation
U.S. Federal Reserve, Job Openings and Labor Turnover Survey (JTS9000QUR), retrieved from FRED.