Quits: Total Nonfarm
Rate, Not Seasonally Adjusted
JTUQUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-4.55%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Rate, Not Seasonally Adjusted' trend measures the voluntary quit rate among U.S. workers. This metric is a key indicator of labor market strength and employee 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 quit rate tracks the percentage of employed workers who voluntarily leave their jobs in a given period. It provides insight into worker sentiment and the overall dynamism of the labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
The quit rate is closely monitored by policymakers and market analysts as a gauge of economic conditions and employee confidence.
Key Facts
- The quit rate reached a 20-year high of 3.0% in November 2021.
- Sectors with the highest quit rates include hospitality, retail, and professional services.
- Workers are more likely to quit during periods of low unemployment and strong economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Rate, Not Seasonally Adjusted' trend measures the percentage of employed workers who voluntarily left their jobs in a given month.
Q: Why is this trend relevant for users or analysts?
A: The quit rate is a key indicator of labor market strength and employee confidence, providing insight into worker sentiment and labor market dynamism.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Job Openings and Labor Turnover Survey (JOLTS).
Q: How is this trend used in economic policy?
A: The quit rate is closely monitored by policymakers and market analysts as a gauge of economic conditions and employee confidence.
Q: Are there update delays or limitations?
A: The quit rate data is published monthly with a lag of about one month.
Related Trends
Citation
U.S. Federal Reserve, Rate, Not Seasonally Adjusted (JTUQUR), retrieved from FRED.