Monthly
XFORSD01BRM194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
249,221,000,000.00
Year-over-Year Change
7.71%
Date Range
1/1/1957 - 12/1/2014
Summary
This economic indicator measures the monthly turnover rate for non-farm business establishments in the United States. It provides insight into labor market dynamics and the pace of job creation and destruction.
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 Monthly Turnover Rate tracks the proportion of businesses that open, close, expand, or contract their workforce on a monthly basis. This metric is closely watched by economists and policymakers to gauge the fluidity and resilience of the U.S. labor market.
Methodology
The data is collected through surveys of non-farm business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Monthly Turnover Rate is a key input for analyzing employment trends and informing economic policy decisions.
Key Facts
- The average monthly turnover rate is around 3.5%.
- Turnover rates tend to be higher in certain industries like retail and hospitality.
- Turnover data helps identify regions and sectors with rapid job creation and destruction.
FAQs
Q: What does this economic trend measure?
A: The Monthly Turnover Rate tracks the proportion of businesses that open, close, expand, or contract their workforce on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market dynamics and the pace of job creation and destruction, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-farm business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly Turnover Rate is a key input for analyzing employment trends and informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of several weeks.
Related Trends
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Brazil
BRASARTMISMEI
Nominal Imports of Goods and Services for Brazil
NMSAXDCBRQ
Number of Identified Exporters to Brazil from Idaho
IDBRAA475SCEN
Percentage of Foreign Banks Among Total Banks for Brazil
DDOI13BRA156NWDB
Geographical Outreach: Key Indicators, All MFI Branches Per 100,000 Adults for Brazil
BRAFCBODMFANUM
Production: Manufacturing: Total Manufacturing for Brazil
BRAPRMNTO01GPSAM
Citation
U.S. Federal Reserve, Monthly Turnover Rate (XFORSD01BRM194N), retrieved from FRED.