Total Separations: Accommodation and Food Services
Rate, Not Seasonally Adjusted
JTU7200TSR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.70
Year-over-Year Change
16.33%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Rate, Not Seasonally Adjusted' series measures the percentage of total hires that were quits in a given month, without adjusting for seasonal variations. This provides insight into voluntary employee turnover, a key economic indicator.
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
This rate reflects the proportion of all hires during a month that were due to employees voluntarily leaving their jobs. It is a valuable metric for understanding labor market dynamics and employee confidence.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Policymakers and analysts use this trend to assess labor market strength and worker sentiment.
Key Facts
- The quit rate reached a high of 3.0% in November 2021.
- The quit rate has remained above pre-pandemic levels since mid-2021.
- Elevated quit rates signal worker confidence in finding new opportunities.
FAQs
Q: What does this economic trend measure?
A: The 'Rate, Not Seasonally Adjusted' series measures the percentage of total hires that were quits in a given month, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This rate provides insight into voluntary employee turnover, which is a key indicator of labor market strength and worker confidence.
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 analysts use this trend to assess labor market dynamics and worker sentiment, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Rate, Not Seasonally Adjusted (JTU7200TSR), retrieved from FRED.