Quits: Trade, Transportation, and Utilities
JTS4000QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-4.00%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Trade, Transportation, and Utilities' series measures the number of employees who voluntarily leave their jobs in the trade, transportation, and utilities sectors of the U.S. economy. This metric provides insights 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: Trade, Transportation, and Utilities' series is a key economic indicator published by the U.S. Bureau of Labor Statistics. It tracks the number of people who quit their jobs in the trade, transportation, and utilities industries, which account for a significant portion of the U.S. workforce. This data is used by policymakers, economists, and analysts to assess labor market trends and worker sentiment.
Methodology
The data is collected through the Job Openings and Labor Turnover Survey (JOLTS), a monthly survey of businesses across the United States.
Historical Context
Trends in quits can inform economic and monetary policy decisions, as they reflect workers' willingness to leave their current positions, often in search of better opportunities.
Key Facts
- The 'Quits: Trade, Transportation, and Utilities' series is released monthly by the U.S. Bureau of Labor Statistics.
- In 2022, the quits rate in the trade, transportation, and utilities sectors reached its highest level in over 20 years.
- Voluntary quits are viewed as a sign of worker confidence in their ability to find new, potentially better-paying jobs.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Trade, Transportation, and Utilities' series measures the number of employees who voluntarily leave their jobs in the trade, transportation, and utilities sectors of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into worker confidence and labor market dynamics, which are important for policymakers, economists, and analysts to assess economic conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected through the Job Openings and Labor Turnover Survey (JOLTS), a monthly survey of businesses across the United States.
Q: How is this trend used in economic policy?
A: Trends in quits can inform economic and monetary policy decisions, as they reflect workers' willingness to leave their current positions, often in search of better opportunities.
Q: Are there update delays or limitations?
A: The 'Quits: Trade, Transportation, and Utilities' series is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of about one month.
Related Trends
Citation
U.S. Bureau of Labor Statistics, Quits: Trade, Transportation, and Utilities (JTS4000QUR), retrieved from FRED.