Quits: Leisure and Hospitality
Rate, Not Seasonally Adjusted
JTU7000QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
27.78%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Rate, Not Seasonally Adjusted' series measures the percent of total job openings in the U.S. that were voluntarily quit during the month. This key labor market indicator provides insight into worker confidence and economic conditions.
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 Job Openings and Labor Turnover Survey (JOLTS) tracks employment, vacancies, hires, and separations. The 'Rate, Not Seasonally Adjusted' series specifically looks at the share of total job openings that were voluntarily quit, reflecting worker mobility and confidence.
Methodology
The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The quit rate is closely monitored by policymakers and economists as an indicator of labor market strength and worker sentiment.
Key Facts
- The quit rate reached a record high of 3.0% in November 2021.
- A higher quit rate signals workers are voluntarily leaving jobs, often for better opportunities.
- The quit rate is a leading indicator of the strength of the labor market.
FAQs
Q: What does this economic trend measure?
A: The 'Rate, Not Seasonally Adjusted' series tracks the percent of total job openings in the U.S. that were voluntarily quit during the month.
Q: Why is this trend relevant for users or analysts?
A: The quit rate is a key labor market indicator that provides insight into worker confidence and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The quit rate is closely monitored by policymakers and economists as an indicator of labor market strength and worker sentiment.
Q: Are there update delays or limitations?
A: The JOLTS data is released monthly with a one-month lag.
Related Trends
Citation
U.S. Federal Reserve, Job Openings and Labor Turnover Survey: Rate, Not Seasonally Adjusted (JTU7000QUR), retrieved from FRED.