Quits: Professional and Business Services
JTS540099QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-30.77%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Professional and Business Services' trend measures the number of employees who voluntarily leave their jobs in the professional and business services sector. This metric is an important indicator of labor market conditions 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: Professional and Business Services' data tracks the number of employees who resign from their positions in the professional and business services industry. It provides insight into worker turnover and can signal changes in labor market tightness or employee sentiment.
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
Economists and policymakers monitor this trend to gauge the strength of the labor market and overall economic conditions.
Key Facts
- The professional and business services sector accounts for over 20% of total U.S. employment.
- Quit rates in this sector often lead overall labor market trends.
- High quit rates can signal workers' confidence in finding new opportunities.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Professional and Business Services' trend measures the number of employees who voluntarily leave their jobs in the professional and business services sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into worker turnover and confidence, which are important indicators of labor market conditions and the overall strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the strength of the labor market and overall economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The JOLTS data, including the 'Quits: Professional and Business Services' series, is released monthly with a lag of approximately one month.
Related Trends
Citation
U.S. Federal Reserve, Quits: Professional and Business Services (JTS540099QUR), retrieved from FRED.