Quits: Wholesale Trade
JTU4200QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-23.53%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Wholesale Trade' series measures the number of employees in the wholesale trade industry who voluntarily left their jobs. This data is an important indicator of labor market conditions 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 'Quits: Wholesale Trade' series is part of the Job Openings and Labor Turnover Survey (JOLTS) program, which provides monthly data on labor market dynamics. The quits rate represents workers proactively leaving their jobs, which can signal strong labor demand and a healthy economy.
Methodology
The data is collected through a survey of nonfarm business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor the quits rate to gauge worker sentiment and the strength of the labor market.
Key Facts
- The quits rate in wholesale trade reached a record high of 3.4% in November 2021.
- Voluntary quits account for the majority of job separations in the wholesale industry.
- High quits rates signal worker confidence and a tight labor market.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Wholesale Trade' series measures the number of employees in the wholesale trade industry who voluntarily left their jobs, known as the 'quits rate'.
Q: Why is this trend relevant for users or analysts?
A: The quits rate is an important indicator of labor market conditions and worker confidence. A high quits rate signals that workers are voluntarily leaving their jobs, which can point to a strong economy and tight labor market.
Q: How is this data collected or calculated?
A: The data is collected through a survey of nonfarm business establishments by the U.S. Bureau of Labor Statistics as part of the Job Openings and Labor Turnover Survey (JOLTS) program.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the quits rate to gauge worker sentiment and the strength of the labor market, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The quits data is published monthly with a lag of approximately one month.
Related Trends
Citation
U.S. Federal Reserve, Quits: Wholesale Trade (JTU4200QUR), retrieved from FRED.