Quits: Leisure and Hospitality
JTS7000QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
24.32%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Leisure and Hospitality' trend measures the monthly rate of quits (voluntary job separations) in the leisure and hospitality sector of the U.S. economy. This metric provides insight into 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 is an important labor market indicator that reflects workers' willingness to leave their jobs. High quits in leisure and hospitality can signal strong demand for labor and worker optimism about finding new opportunities.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Policymakers and economists closely monitor the quits rate to assess the health of the labor market and broader economic conditions.
Key Facts
- The leisure and hospitality sector accounts for over 16 million U.S. jobs.
- Quits rates tend to be higher in this sector compared to the overall economy.
- The quits rate reached a record high of 6.4% in November 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Leisure and Hospitality' trend measures the monthly rate of voluntary job separations (quits) in the leisure and hospitality sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The quits rate is an important labor market indicator that reflects worker confidence and the availability of new job opportunities. High quits in leisure and hospitality can signal strong labor demand and a healthy economy.
Q: How is this data collected or calculated?
A: This 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 economists closely monitor the quits rate to assess the health of the labor market and broader economic conditions, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The JOLTS data, including the quits rate, is released monthly with a 1-2 month lag.
Related Trends
Citation
U.S. Federal Reserve, Quits: Leisure and Hospitality (JTS7000QUR), retrieved from FRED.