Quits: Durable Goods Manufacturing
JTU3200QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-6.25%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Durable Goods Manufacturing' metric tracks the number of employees who voluntarily leave their jobs in the durable goods manufacturing sector. This provides insights 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: Durable Goods Manufacturing' series measures the number of employees who quit their jobs in the durable goods manufacturing industry. It is an important indicator of worker sentiment and can signal changes in labor market conditions, employee confidence, and broader economic trends.
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 closely monitor this trend to gauge the strength of the labor market and inform decisions on economic policy.
Key Facts
- The quits rate in durable goods manufacturing averaged 2.2% in 2022.
- Quits reached a peak of 2.8% in November 2021 during the post-pandemic recovery.
- Durable goods manufacturing accounts for about 6% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Durable Goods Manufacturing' metric tracks the number of employees who voluntarily leave their jobs in the durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and worker confidence, which are important indicators for economists and policymakers.
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 closely monitor this trend to gauge the strength of the labor market and inform decisions on economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
Related Trends
Citation
U.S. Federal Reserve, Quits: Durable Goods Manufacturing (JTU3200QUR), retrieved from FRED.