Quits: Total Private
JTS1000QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-4.35%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Total Private' series measures the number of people who voluntarily left their jobs in the private sector. This metric is a key indicator of labor market strength and worker 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 'Quits: Total Private' data tracks the total number of employees who quit their jobs in the private sector each month. This provides insight into worker mobility and signals how workers perceive their ability to find new opportunities.
Methodology
The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor the quits rate as it helps inform decisions around monetary and fiscal policy.
Key Facts
- Quits rate hit a record high of 3% in November 2021.
- Quits are up over 50% since the start of the COVID-19 pandemic.
- High quits indicate workers are confident they can find better jobs.
FAQs
Q: What does the 'Quits: Total Private' economic trend measure?
A: This metric tracks the number of workers who voluntarily left their jobs in the private sector each month. It serves as an indicator of labor market strength and worker confidence.
Q: Why is the quits rate relevant for users or analysts?
A: The quits rate is a key labor market indicator that provides insight into worker mobility and perceptions of available job opportunities. It helps inform economic policy decisions.
Q: How is the 'Quits: Total Private' data collected or calculated?
A: The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted monthly by the U.S. Bureau of Labor Statistics.
Q: How is the quits trend used in economic policy?
A: Policymakers and economists closely monitor the quits rate as it helps inform decisions around monetary and fiscal policy, providing insights into labor market strength and worker confidence.
Q: Are there any update delays or limitations with this data?
A: The 'Quits: Total Private' data is released with a one-month lag by the Bureau of Labor Statistics. There may also be revisions to previously reported figures.
Related Trends
Citation
U.S. Federal Reserve, Quits: Total Private (JTS1000QUR), retrieved from FRED.