Quits: Financial Activities
JTU510099QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-33.33%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Financial Activities' trend tracks the number of workers who voluntarily leave their jobs in the financial sector. This metric is a key indicator of worker confidence and labor market dynamics.
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: Financial Activities' series measures the number of employees in the financial industry who willingly resign from their positions. This data point is closely monitored by economists as it provides insights into worker sentiment and the overall health of the labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Policymakers and analysts use this trend to gauge employment conditions and make informed decisions about economic and monetary policy.
Key Facts
- The financial sector accounts for about 6% of total U.S. employment.
- Quits rates are generally higher in the financial industry compared to other sectors.
- Voluntary job separations are a sign of worker confidence in finding new opportunities.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Financial Activities' trend tracks the number of workers who voluntarily leave their jobs in the financial sector, such as banking, insurance, and investment services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into worker sentiment and the overall health of the labor market, as higher quit rates typically indicate increased confidence among employees to seek new opportunities.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge employment conditions in the financial sector and make informed decisions about economic and monetary policy.
Q: Are there update delays or limitations?
A: The JOLTS data, including the 'Quits: Financial Activities' trend, is released monthly with a lag of about one month.
Related Trends
Citation
U.S. Federal Reserve, Quits: Financial Activities (JTU510099QUR), retrieved from FRED.