Total Separations: Professional and Business Services
Rate, Seasonally Adjusted
JTS540099TSR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
0.00%
Date Range
12/1/2000 - 6/1/2025
Summary
The Quit Rate, Seasonally Adjusted, measures the proportion of employees who voluntarily leave their jobs each month. 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 Quit Rate, Seasonally Adjusted, is a key indicator of labor market strength. It tracks the percentage of employed workers who willingly leave their positions, which can signal employee optimism about finding new opportunities.
Methodology
The data is collected from employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
The Quit Rate is closely monitored by policymakers and economists to gauge economic conditions and labor market trends.
Key Facts
- The U.S. Quit Rate reached a record high of 3% in November 2021.
- High quit rates often coincide with a strong job market and increased worker bargaining power.
- Quit rates tend to be higher in industries like leisure, hospitality, and professional services.
FAQs
Q: What does the Quit Rate, Seasonally Adjusted measure?
A: The Quit Rate measures the percentage of employed workers who voluntarily leave their jobs each month.
Q: Why is the Quit Rate relevant for users or analysts?
A: The Quit Rate provides insights into worker confidence and labor market dynamics, which are closely monitored by policymakers and economists.
Q: How is the Quit Rate data collected or calculated?
A: The data is collected from employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is the Quit Rate used in economic policy?
A: The Quit Rate is used by policymakers and economists to gauge economic conditions and labor market trends.
Q: Are there update delays or limitations for the Quit Rate data?
A: The Quit Rate data is released monthly with a typical lag of one to two months.
Related Trends
Total Separations: Government
JTS9000TSL
Total Separations: Real Estate and Rental and Leasing
JTU5300TSL
Total Separations: Other Services
JTU8100TSL
Total Separations: Health Care and Social Assistance
JTS6200TSL
Total Separations: Leisure and Hospitality
JTS7000TSL
Total Separations: Manufacturing
JTS3000TSL
Citation
U.S. Federal Reserve, Quit Rate, Seasonally Adjusted (JTS540099TSR), retrieved from FRED.