Quits: Private Educational Services
JTU6100QUL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.00
Year-over-Year Change
12.20%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Private Educational Services' trend measures the number of employees voluntarily leaving their jobs in the private educational services sector. This metric is important for economists and policymakers to assess labor market dynamics and workforce turnover.
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
This indicator tracks the 'quits rate' for the private educational services industry, which includes organizations such as schools, colleges, universities, and training centers. The quits rate reflects employee confidence and can signal labor market tightness or employer retention challenges.
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 understand labor market conditions and workforce trends in the education sector.
Key Facts
- The quits rate in private educational services reached a high of 3.4% in November 2021.
- Quits in this sector tend to be lower than the overall private-sector average.
- Voluntary job separations can signal worker confidence in finding new opportunities.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Private Educational Services' trend measures the number of employees voluntarily leaving their jobs in the private educational services sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess labor market dynamics and workforce turnover in the education industry.
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 understand labor market conditions and workforce trends in the education sector.
Q: Are there update delays or limitations?
A: The JOLTS data is published monthly with a lag, so there may be a delay in the most recent figures.
Related Trends
Citation
U.S. Federal Reserve, Quits: Private Educational Services (JTU6100QUL), retrieved from FRED.