Quits: Total Nonfarm
JTSQUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-4.76%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Total Nonfarm' trend measures the number of employees who voluntarily left their jobs across the U.S. private nonfarm sector. This provides insight into 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: Total Nonfarm' series tracks the number of employees who quit their jobs each month. This is an important indicator of worker confidence and labor market tightness, as more workers tend to voluntarily leave jobs when other opportunities are available.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Economists and policymakers monitor the quits rate to gauge labor market strength and workers' willingness to change jobs.
Key Facts
- The quits rate reached a high of 3.0% in November 2021.
- Quits tend to increase during periods of economic expansion.
- High quits levels can signal worker confidence and labor shortages.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Total Nonfarm' trend measures the number of employees who voluntarily left their jobs in the U.S. private nonfarm sector each month.
Q: Why is this trend relevant for users or analysts?
A: The quits rate is an important indicator of worker confidence and labor market tightness, as more workers tend to voluntarily leave jobs when other opportunities are available.
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: Economists and policymakers monitor the quits rate to gauge labor market strength and workers' willingness to change jobs, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The quits data is published monthly by the Bureau of Labor Statistics, with a typical 1-2 month delay.
Related Trends
Citation
U.S. Federal Reserve, Quits: Total Nonfarm (JTSQUR), retrieved from FRED.