Quits: Nondurable Goods Manufacturing
JTS3400QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-18.75%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Nondurable Goods Manufacturing' metric tracks the number of employees who voluntarily leave their jobs in the nondurable goods manufacturing sector of the U.S. economy. This statistic is a key indicator of labor market dynamics 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 rate measures the percentage of nondurable manufacturing workers who leave their positions of their own accord. Economists analyze this data to gauge employee sentiment, worker mobility, and labor market tightness across this important economic sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Policymakers and analysts use the quits rate to assess overall labor market health and inform decisions on interest rates, employment programs, and other economic policies.
Key Facts
- The nondurable goods manufacturing sector employs over 4 million U.S. workers.
- The quits rate in this sector reached a record high of 3.3% in 2022.
- Voluntary quits signal worker confidence in finding new, better-paying jobs.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Nondurable Goods Manufacturing' metric tracks the number of employees who voluntarily leave their jobs in the nondurable goods manufacturing sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The quits rate is a key indicator of labor market dynamics and worker confidence. Economists and policymakers analyze this data to gauge employee sentiment, worker mobility, and labor market tightness across this important economic sector.
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: Policymakers and analysts use the quits rate to assess overall labor market health and inform decisions on interest rates, employment programs, and other economic policies.
Q: Are there update delays or limitations?
A: The JOLTS data is published monthly with a lag of approximately one month.
Related Trends
Citation
U.S. Federal Reserve, Quits: Nondurable Goods Manufacturing (JTS3400QUR), retrieved from FRED.