Quits: Finance and Insurance
JTU5200QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-35.71%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Finance and Insurance' trend measures the number of employees who voluntarily leave their jobs in the finance and insurance sector. This metric is a key 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: Finance and Insurance' series tracks the number of employees who quit their jobs in the finance and insurance industry. This provides insight into worker mobility and confidence, as employees are more likely to voluntarily leave their jobs when labor markets are strong.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Policymakers and economists monitor this trend to assess the health of the labor market and financial sector.
Key Facts
- Quits in finance and insurance hit a record high in 2021.
- Voluntary separations in this sector are a leading indicator of worker confidence.
- The quits rate is closely watched by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Finance and Insurance' trend measures the number of employees who voluntarily leave their jobs in the finance and insurance sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into worker mobility and confidence, as employees are more likely to quit their jobs when labor markets are strong.
Q: How is this data collected or calculated?
A: The 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 monitor this trend to assess the health of the labor market and financial sector.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and limitations of the JOLTS survey.
Related Trends
Citation
U.S. Federal Reserve, Quits: Finance and Insurance (JTU5200QUR), retrieved from FRED.